Showing posts with label Genting 100218 1220pm. Show all posts
Showing posts with label Genting 100218 1220pm. Show all posts

Wednesday, February 17, 2010

Genting Testing Complex Head and Shoulders Neckline Support

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Testing of Median Line of Andrew's Pitchfork and Neckline of Complex Head and Shoulders in progress. A closing below these 2 lines will test the 200 SMA support line. Further weakness will bring price to the pink support line followed by a test of the lower support of the green pitchfork formation.

However, a closing back above the neckline may see a retest of the upper pitchfork resistance boundary. Stay alert and be nimble a weak closing today will probably cause further price drop.