Genting was testing the resistance price RM6.80 in its latest session with higher trading volume.With the momentum indicator RSI above 50%, the short-term rebound could reach a target price of RM7.30, followed by RM7.60. If it fails to cross the RM6.80, it will continue to move sideways and consolidate. Support price is anticipated at RM6.60 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM6.80

Target: RM7.30, RM7.60 (time frame: 3-6 weeks)

Exit: RM6.60

Source: AmInvest Research - 25 Jul 2019