On Wednesday, Genting SP re-test the resistance at $1.91 and closed at $1.87 with LOW volume of 65.41 million shares traded.
A black candle stick with long upper/lower shadow affirms that traders took profit as the prices reach the critical resistance at $1.91.
RSI & MACD are turning bullish as MACD lines began to converse together.
Immediate Resistance of Genting SP: $1.91
Immediate Support of Genting: $1.84
Currently prices are well below 20/50/100/200 days MA.
It seems that Genting SP is having issues in breaking the critical resistance at $1.91 as the buying pressure remains low for the recent sessions.
The resistance at $1.91 is expected to be strong.
We would not suggest buying now since Genting SP seems rather bearish although the selling seems to ease. Buying on $1.91 breakout would be a better idea.
Stock Chart: Genting SP! is ...
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