On Monday, Genting SP broke the support at $2.20 and closed at $2.17 with HIGH volume of 72 million shares traded.

A big black candle occurred.  This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are “high,” it may be the first sign of a top.  If the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

Both RSI & MACD are turning bearish as MACD about to perform a “cross down”.

Important Resistance of Genting SP: $2.20

Immediate Support of Genting SP: $2.15

Currently prices are supported by the 20/50 days MA at $2.15

Genting SP broke the support at $2.20 with high volume today which affirms that investors choose to take profit ahead.

However the up trend is still intact ...