A blogger friend asked me to guess on gen sp next move as he knew gen sp had been my 'flown away cooked duck' stock for quite sometime.
During Jan 2010, Gen sp formed a double top which shown trend confirmation upon the broken neck @1.22, then again on 21/01/2010 made a suicide dive with great volume.
This trend show some subtle similarity as the current trend.
Double top was formed as it failed the resistance level=SD 2.15
If the trend continues to dive & the break the support sd 1.85, mayb history of the Jan 2010 trend shall repeat.
As for now, i will not be hoping into Gen sp wagon.
Few things that came across my mind which might pull down the current price:
1) Double top formation
2) The paling takut is what if 'the right issue' thing pops out again, usually when the price is goreng high enough, mayb the director will pops out the 'right'...takut..
Anyway, if she break 2.15 with great confidence as she did @13/08/2010 with great volume +gap up, then it something to celebrate about.
That's for time being.
Thanks.
