On Friday, Genting SP re-tests the resistance at $1.46 and closed at $1.455 with LOW volume of 26.39 million shares traded.
During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candles. During the past 50 bars, there have been 22 white candles and 25 black candles for a net of 3 black candles.
RSI & MACD are flat as RSI trend sideways.
Currently prices are well below 20/50/100/200 days MA.
Immediate Resistance of Genting SP: $1.46
Immediate Support of Genting: $1.435
For the past 6 trading sessions, prices have been well support at the $1.435 which affirms on the eased of selling pressure.
The resistance at $1.46 is expected to be strong.
Due to the bearishness of Genting SP, we would suggest to buy on breakout of $1.46 resistance …