RHB Retail Research
Trading Stocks - Genting
Genting breached the resistance level of MYR4.60 with higher trading volume. The sideways consolidation phase may be completed, and the stock is ready to trend higher. With the recent breakout, expect its price to rise higher and test the next resistance level of MYR4.90, followed by MYR5.20. This positive expectation should remain valid, provided there is no breach of the MYR4.35 support.
Source: RHB Securities Research - 24 Feb 2021
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