On Wednesday, Genting SP re-tests the support at $1.46 and closed at $1.49 with LOW volume of 22.73 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 20 white candles and 28 black candles for a net of 8 black candles.

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

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

Immediate Resistance of Genting SP: $1.50

Immediate Support of Genting: $1.46

For the past 3 trading sessions, prices have been well support at the $1.46 and this affirms on the eased of selling pressure.

The support at $1.46 is expected to be strong.

We would see this as a good opportunity to long Genting SP at $1.46 support if interested. Cut loss ...