RHB Retail Research
Technical Analysis - Genting Malaysia
Genting Malaysia
Genting Malaysia may move higher after it continued holding above the MYR5.05 support. As the stock has formed a long white candle above the rising 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR5.20 level, with an exit set below the MYR5.05 threshold. Towards the upside, the near-term resistance is at MYR5.50. This is followed by the MYR5.80 level.
Source: RHB Securities Research - 9 Aug 2018
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