29.05.2014 - We expect a strong movement of the price of Gentex

The price of Gentex could not overcome the upper limit of the channel and decreased to 29.00. Reduced amplitude of price fluctuations, gives reason to expect a strong movement in the near future. In case of reduction, a signal to sell will be price fixing below 28.50. In such case quotations may reach the lower boundary of the descending channel. We recommend opening long positions in case of fixing the price above 30.00. Within the growth, the price may reach 31.00, 32.00 and 34.00. We expect continued downward movement.

Nearest resistance levels: 31.00, 32.00, 34.00

Nearest support levels: 28.50, 27.90, 27.00

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