0343 GMT [Dow Jones] STOCK CALL: Genting (3182.KU) mid-term technical outlook remains firmly bullish despite recent price weakness, says OSK technical analyst Shina Kao Jack; notes 50-day moving average (now at MYR5.94) has provided strong support since late March. Believes stock will continue to rise on current uptrend, dating back to early March, and test psychological resistance at MYR7.00 in coming weeks or months. However, cautions selling pressure could turn out to be aggressive if 50-DMA is violated. Immediate resistance pegged at MYR6.50 followed by MYR6.80 level. Shares flat at MYR6.13. (VGB)
(END) Dow Jones Newswires
August 13, 2009 23:43 ET (03:43 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
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