Monday, December 27, 2010

GENTING SP CHART - symmetrical triangle formation ....... breakout above 2.14 on the upside likely.....

Genting SP is forming a symmetrical triangle which signifies a narrowing of its consolidation phase before it either breaks up or down.  A break above 2.14 would be very critical as it would have broken above both channel resistance formed by the symmetrical triangle and also the horizontal resistance which it tested last week but failed to break. Watch this break .... trading range from 2.09 to 2.14 currently on low volume....


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