Rakuten Trade Research Reports
Technical View - Genting Berhad
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Publish date: Mon, 18 Jul 2022, 06:17 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/
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Genting Berhad (GENTING, 3182)
• Share price closed 2.22% higher at RM4.60 on Friday.
• Genting closed above its MA 20 line with higher volume on Friday. The chart also showed its MACD bullish crossover, share price seems bouncing off from its support at RM4.49. Coupled with indicators showing uptick movement, the share price is expected to move higher.
• Resistance levels are identified at RM4.63 (R1) and RM5.34 (R2).
• On the flipside, support levels are pegged at RM4.49 (S1) and RM4.30 (S2).
Source: Rakuten Research - 18 Jul 2022
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