[Dow Jones] STOCK CALL: Genting Plantations (2291.KU) mid-term technical outlook remains bullish unless support at 100-day moving average, now at MYR5.74, is violated, says OSK technical analyst Shin Kao Jack. Notes, stock has been well supported by 50-day moving average (now at MYR5.96) since March. Stock has already taken out previous high of MYR6.25 (Sept 25) and now looks poised to test resistance at MYR6.43," he says. On downside, even if support at 50-day moving average is broken, 100-day moving average should hold firm, he says. Shares +2.3% at MYR6.34.
Dow Jones Newswires
October 20, 2009 00:09 ET (04:09 GMT)
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