On Tuesday, Genting SP re-tests the 20/50 days MA and closed at $1.345 with LOW volume of 15.02 million shares traded.

RSI & MACD are bullish as RSI trend upwards.

Currently prices are resisted by 20/50 days MA.

Immediate Resistance of Genting SP: $1.405

Immediate Support of Genting: $1.32

For the past 2 trading sessions, prices have recovered above the $1.32 level and began to trend upwards. However it is important to note that the buying pressure is low.

The support at $1.32 is expected to be strong.

The current satiation could be a dead cat bounce as the buying pressure is low. However if interested to take chances, do consider buying at the $1.32 support. Cut loss once $1.32 breached with high vol.

Stock Chart: Genting SP! is contributed by : Singapore Stock Information Exchange