Genting Malaysia formed a long white candle, indicating that the momentum of buying could be strong. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may appear above the MYR2.96 level, with an exit set below the MYR2.76 threshold. Towards the upside, the near-term resistance is at MYR3.22. This is followed by the MYR3.60 level.

Source: RHB Securities Research - 20 Dec 2018