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Marubozu

May 31, 2010.

My Stocks Investing Journey

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Monday, November 30, 2009

Genting Singapore - Forming a Bearish Descending Triangle?

Genting appears to be forming a Bearish Descending Triangle in an up trend. If this triangle is formed and the stock price breakdown from the triangle support, a trend reversal pattern is confirmed. In addition, Genting has just broken 20D and 50D MA support lines. RSI is heading south (31% now) and MACD shows bearish convergence. These are Sell signals.

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