Friday, September 14, 2012

GENM broke above its downtrend line

GENM broke above its downtrend line at RM3.55. In the past, an upside breakout had been followed by a gain of 40 sen over 1-2 months. Based on this breakout, GENM could be a good trading BUY.

Chart: GENM's daily chart as at September 14, 2012_10.10am (Source: quickcharts)

In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, GENM.

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