Pos Malaysia Bhd support lines

Pos Malaysia Bhd counter wasn't spared in today's panic selldown at Malaysia stock market after reaching its year high on 14/1/2013.

1. It's market value closed at a whopping loss of -5.31%.
2. Today's candlestick signal is Fred Tam's black inside out down.
3. A clear signal for selling out on 16/1/2013, as it closed below the previous third candle.
4. The downtrend is expected to continue with various support lines holding the stock price at 3.39, 3.22, 3.12 and 2.93. After 2.93, is a free fall.
5. Another point to note is MACD and RSI are also pointing downwards.

With less than a month to go for Malaysia's election announcement, those who hasn't buy in, please stay sideline on this stock until then.

Genting eases above SMA 200

Positive Patterns spotted in Genting chart recently:
1. Two bullish engulfing candlesticks. One below SMA and another right above it, supporting the stock price at 9.60.
2. Doji sign with high volume, (consider as doji as it's only 1 cent difference) closing at 9.80 resistance. Heavy resistance spotted, break this level.. it's good to go!
3. Nice wave UP!
4. MACD uptrend intact.
5. Stock price eases up above SMA 200 on 7/1/2013 with strong white candle, showing strength.

On 17/1/2013, 520 queue spotted! 520 in chinese means "I love you". Google it!