On Tuesday, Genting SP broke the minor resistance at $2.12 and closed at $2.13 with HIGH volume of 73.3 million shares traded.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend.
RSI & MACD are bullish as MACD about to perform a golden cross.
Immediate Resistance of Genting SP: $2.15
Immediate Support of Genting: $2.12
Currently prices are resisted by 20/50/100 days MA.
On 24/Jan. Genting SP has broken the critical support at $2.15 which trigger the heavy selling by the investor.
The up trend line is no longer valid since it is already broken and a “lower low” has been formed.
Although Genting SP perform a heavy buying pressure on Tuesday but we would like to warn investors not to get too excited ...
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