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Friday, July 6, 2012

Random Stock Picks >>> GENTING / RHB Capital 06 July 2012

Technical comments : Genting Bhd is poised for breakout above the upper Bollinger band (RM9.73) which should lift share price up to RM9.85 (50%FR), RM10.19 (38.2%FR) and even RM10.62 (23.6%FR) in the longer term. Good support is seen at RM9.50 (61.8%FR), reinforced by the lower band (RM9.33).
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Technical Comments : RHB Capital staged a bullish breakout above its upper Bollinger band yesterday, which will boost upside potential to target RMRM8.01 (38.2%FR), RM8.46 (50%FR) and RM8.92 (61.8%FR) going forward. Immediate support will come from RM7.44 (23.6%FR).


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