On Friday, Genting SP re-tests the support at $1.575 and closed at $1.59 with LOW volume of 23.5 million shares traded.
During the past 10 bars, there have been 3 white candles and 5 black candles for a net of 2 black candles. During the past 50 bars, there have been 18 white candles and 27 black candles for a net of 9 black candles.
RSI & MACD are flat as RSI trend sideways.
Currently prices are resisted by 50/100 days MA.
Immediate Resistance of Genting SP: $1.65
Immediate Support of Genting: $1.575
For the past 4 trading sessions, prices have re-test the critical support at $1.575 but managed to stay above this level.
The falling volume indicates that the selling pressure could be over as prices goes into consolidation mode.
The support at $1.575 is expected to be strong.
Watch for ......
charts like these are truly efficient with regards to determining which is which, stock charting tool could help..