RHB Retail Research
Trading Stocks - Genting
Genting may climb higher after posting a white candle and leaving an upside gap last Friday. Given that it has formed a white candle for the fourth consecutive session, the positive sentiment has been enhanced. A bullish bias may appear above the MYR7.00 level, with an exit set below the MYR6.75 threshold. Towards the upside, the near-term resistance is at MYR7.25. This is followed by the MYR7.50 level.
Source: RHB Securities Research - 29 Jul 2019
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