Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
GENM (4715) - Technical Analysis
============
1) GENM shares price completed head and shoulders pattern with 282 trading days,
2) There was a breakout on Jan 23, 2020, so we able to calculate the first level of downward satisfaction.
3) The first level of downward satisfaction:
-RM4.000 - RM2.990 = 1.010
-RM2.990 - 1.010 = RM 1.980
4) GENM shares price meets the first level of downward satisfaction, RM1.980 on Mar 13, 2020, but it opened lower at RM1.90 and closed at RM1.980 on the next trading days, Mar 14, 2020.
5) There are two extraordinary day transaction volumes