RHB Retail Research
Technical Analysis - Genting
Genting may rise higher after forming a long white candle and hitting its 2-week high. This can be viewed as a continuation of the bulls extending the rebound from 12 Dec’s “Bullish Harami” pattern. A bullish bias may emerge above the MYR6.20 level, with an exit set below the MYR5.90 threshold. Towards the upside, the immediate resistance is at MYR6.60. This is followed by the MYR7.00 level.
Source: RHB Securities Research - 20 Dec 2018
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