0259 GMT [Dow Jones] STOCK CALL: MIMB Research tips Genting (3182.KU) as Buy based on charts; says stock building strong bullish base after breaking 16-month trend line in early April. "A small bozu candle has been completed at RM5.40. The whole bottom may also looks like a V-bottom with targets towards the next resistance of MYR7.10," says MIMB; adds long term potentials remain up given volume and market internals. "Both RSI and MACD are at encouraging bull territories. With all crucial moving averages penetrated, the stock may find more momentum easily to the upside," says MIMB; suggests conservative traders should hold for at least a year with a potential long term target pegged at MYR8.00. Stock last down 0.3% at MYR6.94.
Dow Jones Newswires
September 29, 2009 22:59 ET (02:59 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
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