On Thursday, Genting SP re-tests the resistance at $1.705 and closed at $1.625 with LOW volume of 64.9 million shares traded.

During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candle.  During the past 50 bars, there have been 19 white candles and 25 black candles for a net of 6 black candles.

RSI & MACD are bearish as MACD about to perform a “death down”.

Currently prices are resisted by 200 days MA at $1.705.

Immediate Resistance of Genting SP: $1.705

Immediate Support of Genting: $1.65

For the past 6 trading sessions, prices re-test the resistance at $1.705 but failed to break out.

The resistance at $1.705 is expected to be strong.

Too late to buy now and we advise to sell once $1.65 support breached if ...