On Friday, Genting SP re-test the support at $1.77 and closed at $1.78 with HIGH volume of 0.162 billion shares traded.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 4 falling windows in the last 50 candles–this makes the current falling window even more bearish.

RSI & MACD are bearish as RSI trend downwards.

Immediate Resistance of Genting SP: $1.84

Immediate Support of Genting: $1.77

Currently prices are well below 20/50/100/200 days MA.

Prices re-test the critical support at $1.77 with high selling pressure but managed to stay above this level.

The support at $1.77 is expected to be very strong and critical. More selling will be triggered if this support is breached.

It is important to understand Genting SP ...