On Tuesday, Genting SP broke the resistance at $2.23 and closed at $2.24 with LOW volume of 61.42 million shares traded.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
RSI & MACD are bullish though RSI in overbought region.
Immediate Resistance of Genting SP: $2.28
Immediate Support of Genting: $2.23
Currently prices are well above 20/50/100/200 days MA.
Today the break of $2.23 resistance with low volume spells danger for Genting SP. This affirms that bulls have stop buying and prefer to sideline ahead.
Looking forward, $2.28 resistance is expected to be very strong and unlikely that Genting SP can break though easily.
Do not encourage to buy now, monitor carefully if vested especially when prices hit near $2.28 resistance.
On ...
...