RHB Retail Research
Trading Stocks - Genting
Genting may climb higher after posting a long white candle and hitting its highest close in more than a month. As the 21- day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may emerge above the MYR6.60 level, with an exit set below the MYR6.25 threshold. Towards the upside, the immediate resistance is at MYR7.20. This is followed by the MYR7.78 level.
Source: RHB Securities Research - 18 Jan 2019
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