On Thursday, Genting SP broke the support at $1.49 and closed at $1.485 with regular volume of 35.88 million shares traded.

RSI & MACD are bearish as RSI trend downwards.

Currently prices are resisted by 50 days MA.

Immediate Resistance of Genting SP: $1.49

Immediate Support of Genting: $1.44

Today prices have broken the resistance at $1.49 with regular selling pressure. Although the selling volume is not high but it may trigger heavy selling pressure tomorrow.

The resistance at $1.49 is expected to be strong.

For those who are interested to short, do look out for Genting to see if there are any heavy selling pressure tomorrow.

Important News

THE subsea services arm of Ezra Holdings, EMAS AMC, has secured a US$165 million (S$206 million) engineering, procurement, construction and installation (EPIC) contract in the North Sea.

Stock Chart: Genting SP! is contributed ...