Genting
THIS gaming stock is envisaged to test the RM16.20–RM16.50 resistance band in the immediate term following a sharp rebound from the RM14.60 support line over the past several days as the stochastics issued a short-term buy signal last Friday. Based on the daily bar chart, if prices could clear this hurdle successfully, they have the potential to reach RM18.20 in the medium-term, a level last hit in late February 2000.
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