On Wednesday, Genting SP broke the resistance at $1.705 and closed at $1.725 with LOW volume of 43.62 million shares traded.

During the past 10 bars, there have been 5 white candles and 5 black candles.  During the past 50 bars, there have been 16 white candles and 26 black candles for a net of 10 black candles.

RSI & MACD are bullish as MACD about to perform a “golden cross”.

Currently prices are supported by 20 days MA at $1.705

Immediate Resistance of Genting SP: $1.755

Immediate Support of Genting: $1.705

Prices have breached the critical resistance at $1.705 today but the buying pressure is weak. This affirms that this rally is lack of conviction.

The resistance at $1.755 is expected to be strong.

We do not expect prices to break $1.755 in this week especially there are low ...