RHB Retail Research
Trading Stocks - Genting Malaysia
Genting Malaysia formed a “Bullish Engulfing” formation in the latest session. This implies that its recent consolidation phase in the form of a retracement may have reached an end. A positive bias may emerge above the MYR3.18 support mark. Towards the upside, the immediate resistance is eyed at MYR3.39, followed by MYR3.55. A stop-loss can be placed below MYR3.18.
Source: RHB Securities Research - 1 Jul 2019
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