On Friday, Genting HK rebound from the critical resistance and closed at $0.395 with LOW volume of 16.04 million shares traded.
A black candle stick with short lower shadow indicates investors took profit but prices managed to hold onto the 20 days MA support.
Both RSI & MACD are bearish as RSI began to trend downwards.
Important Resistance of Genting HK: $0.415
Immediate Support of Genting HK: $0.36
Currently prices are supported by 20 day MA.
On 9/Mar, prices retest the critical resistance at $0.415 with regular but failed to breakout.
This action prompt investor to take profit since they understand critical resistance at $0.415 is very strong.
Do not advise to enter this bearish stock since $0.415 support already broken.
However even if interested in the fundamental, do watch for the support at $0.36 for a better entry price.
On Friday, ...
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