Genting may rebound further, says RHB Retail Research

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KUALA LUMPUR (June 20): RHB Retail Research said Genting Bhd may rebound further after it tested the RM6.45 support in the recent session.

In a trading stocks note today, the research house said given that it has formed a white candle for the third consecutive day, the positive sentiment has been enhanced.

“A positive bias may emerge above the RM6.60 level, with an exit set below the RM6.45 threshold.

“Towards the upside, the immediate resistance is at RM6.95. This is followed by the RM7.07 level,” it said.