Genting SP is currently trading in a range. This range when I analyzed it, it lacked of strength and lacked of power. The buyers seemed to hide somewhere while the sellers are waiting for a confirmation if the stock is going to trend lower. The market moved higher today and Genting was just dangling in a tight range with a disappearance of strength. At this point, I would not trade this counter from the chart, there was some uncertainty. Until the buyers support the stock with strong buying, or I won't enter any trade in this counter.
Ronald K - Market Psychologist - A Stock Market Opportunist
