While the whole market is pretty bearish, Genting stays calm and broke out higher. Looking and studying the 5 minute chart, this breakout could be fake and it could replicate it over to the daily chart as just a fake breakout. While the higher time frame controls the smaller time frame, the smaller time frame always have tell tale signs of a bearish signal first before the higher time frame can be recorded. In this case, the 2 imaginary lines are signs of resistance for Genting. Shall watch further.
Ronald K - Market Psychologist - A Stock Market Opportunist
