Rakuten Trade Research Reports

Technical View - Genting Malaysia Bhd (GENM, 4715)

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Publish date: Fri, 06 Mar 2020, 10:18 AM
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Genting Malaysia Bhd (4715)

• GENM closed unchanged at RM2.75 yesterday.

• We believe share price has fallen into the oversold region by the signals from key technical indicators. Thus, we believe current level is a good accumulation opportunity and we expect a rebound towards RM3.00 level.

• As such, resistance levels are expected at RM3.00 (R1) and further to RM3.30 (R2).

• On the contrary, support levels are identified at RM2.60 (S1) and RM2.45 (S2).

Source: Rakuten Research - 6 Mar 2020

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Be the first to like this. Showing 2 of 2 comments

michaeso

Can it reach 1.80

2020-03-07 10:59

michellebee7

how come?

2020-03-07 20:33

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