Rakuten Trade Research Reports
Technical View - Genting Malaysia Bhd (GENM,4715)
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Publish date: Fri, 03 Jul 2020, 05:43 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Genting Malaysia Bhd (4715)
• GENM closed 4.0% or 10 sen higher to RM2.61 yesterday.
• Yesterday’s share price saw a bullish breakout from its short term moving average indicating positive buying momentum. Reopening of the casino and hotels is likely to buoy sentiments hence, this could be a start of major uptrend.
• As such, resistance levels are expected at RM2.66 (R1) and RM3.18 (R2).
• On the downside, support levels are seen at RM2.46 (S1) and RM2.08 (S2).
Source: Rakuten Research - 3 Jul 2020
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