On Friday, Genting SP broke the support at $1.63 and closed at $1.595 with HIGH volume of 0.237 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 7 falling windows in the last 50 candles–this makes the current falling window even more bearish.

RSI & MACD are bearish as MACD perform a “death cross” on Friday.

Immediate Resistance of Genting SP: $1.63

Immediate Support of Genting: $1.49

Currently prices are resisted by 20/50 days MA at $1.63

Genting SP was under great selling pressure on Friday due to poor earning results.

The support at $1.49 is expected to be strong.

If interested to long Genting SP, can consider monitor for any consolidation at that level.

On ...