In late May, GenM broke its intermediate uptrend line, SS (at RM5.85) which dates back to January this year. The breakdown of the uptrend line means that the continued uptrend for GenM has ended and the next phrase of price movement will be either a sideways movement or a downtrend (or a combination of both). GenM has in fact been moving sideways between RM5.60 & RM5.80 for the past 9-10 days.
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