Thursday, December 31, 2009

Genting Testing Double Channel Resistance




Big battle to take out the double blockade formed by the upper red channel resistance and the upper green channel resistance lines. Big Boys buying interest clearly shown on the volume distribution chart. Need to gain a strong foothold above the double blockade to mount an attack on the upper blue channel boundary. Price flip flop between 1.29 and 1.30 at the moment. A closing above 1.30 will signal bullpower for 2010. Happy New Year Everyone.

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