AmInvest Research Reports

Stocks on Radar - Genting

Publish date: Fri, 20 May 2022, 11:09 AM
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Genting broke out from its 5-month rectangle pattern with a long white candle yesterday, implying that a bullish reversal sign may have occurred. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional upside strength may be present in the coming sessions. A bullish bias may emerge above the RM4.75 level, with a stop-loss set at RM4.46, below 12 May’s low. Towards the upside, the near-term resistance level is seen at RM5.25, followed by RM5.40.

Entry : RM4.75–4.86

Target : RM5.25, RM5.40

Exit : RM4.46

Source: AmInvest Research - 20 May 2022

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