GENTING

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The recent uptrend for Genting from its March 2009 low appears to have stalled at RM6.05, a long-term classical resistance. With the ADX trending down below the 20 level, further upside may be limited for Genting as it enters into a consolidation phrase. Expect Genting to possibly trade within the RM6.05 and RM5.20 in the coming weeks. However with the stochastic oscillator turning down from its overbought level, there is a risk that it may violate the RM5.20 immediate support to see a slide towards its next stronger support at RM44.61. On the upside, a break above RM6.05 may see Genting resuming its uptrend towards the next target of RM6.50.watch full The Shack 2017 film online

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