AmInvest Research Reports

Stocks on Radar - Genting Malaysia (4715)

AmInvest
Publish date: Tue, 31 Dec 2019, 08:52 AM
AmInvest
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Genting Malaysia inched above the resistance level RM3.29 in its latest session. With the momentum indicator RSI above 60%, there is a possibility it will continue to climb above resistance and move towards a target price of RM3.41, followed by RM3.50. The downside support is anticipated at RM3.20, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy on continuation above
RM3.29
Target: RM3.41, RM3.50 (time frame: 3-6 weeks)
Exit: RM3.20

Source: AmInvest Research - 31 Dec 2019

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