RHB Retail Research
Technical Analysis - Genting Malaysia
Genting Malaysia
Genting Malaysia may rise higher after it breached above the downtrend line drawn in the chart. In view of the 21-day SMA line likely to begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR5.12 level, with an exit set below the MYR4.80 level. Towards the upside, the near-term resistance is at MYR5.42. This is followed by the MYR5.60 level.
Source: RHB Securities Research - 2 Aug 2018
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