RHB Retail Research
Technical Analysis - Genting Malaysia
Genting Malaysia was testing the MYR4.60 level in recent trades. A bullish bias may be present above this point with a target price of MYR4.80, followed by MYR5.07. The stock may consolidate further if it cannot breach the MYR4.60 mark in the coming sessions. Support may be found at MYR4.29, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 25 Oct 2018
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