Genting breached the RM6.60 resistance level in its latest session. With a rising RSI level, a bullish bias may be present above this point with a target price of RM7.05, followed by RM7.50. Meanwhile, it may turn sideways if it falls back below the RM6.60 mark in the near term. In this case, support is anticipated at RM6.25 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound RM6.60

Target: RM7.05, RM7.50 (time frame: 3-6 weeks)

Exit: RM6.25

Source: AmInvest Research - 18 Jan 2019