On Friday, Genting SP broke the resistance at $2.01 and closed at $2.04 with LOW volume of 69.55 million shares traded.

Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

RSI & MACD are bullish as RSI trend upwards.

Immediate Resistance of Genting SP: $2.08

Immediate Support of Genting: $2.01

Currently prices are resisted by 100 days MA at $2.08 and supported by 50 days MA at $2.01.

The breakout of $2.01 resistance on Friday paint a bullish signal and prices forming a “higher high”

However buying volume is very low as we have on doubt on the sustainable of the rally.

We would suggest watching for any consolidation at $2.01 support before entry.

On Friday, Singtel re-test the support at ...