Genting could rebound after the last Thursday’s “Long Black Day” failed to see prices lowering. A purchase can be made above the prior three-day high of RM9.30 with a close below the candle low of RM9.10 as a stop-loss. The price target is RM10.25, provided that the recent high of RM9.85 is violated. Failure to hold above RM9.30 could see a return of selling and supports are at RM8.60 and RM8.40.
Source: OSK
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