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Wednesday, August 27, 2014

GENM: Bullish Breakout

GENM has just broken above its horizontal line at RM4.50. With this breakout, GENM is likely to continue with its prior uptrend. Potential target is RM5.00.

Based on technical consideration, GENM is a trading BUY.


Chart 1: GENM's weekly chart as at Aug 26, 2014 (Source: Tradesignum)


Chart 2: GENM's weekly chart as at Aug 26, 2014 (Source: Chartnexus)

Note:
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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