<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 19): AllianceDBS Research said Genting Malaysia Bhd (GenM) had on 16 August 2019 traded higher to RM3.13 before closing unchanged at RM3.08 (up 1 sen or 0.32%).</p></div>

<div class=newsTextDataWrapInner><p>In its evening edition Aug 16, the research house said GenM continued to trade below the 20-day (blue) and 50-day (red) moving average lines.</p></div>

<div class=newsTextDataWrapInner><p>It said following the up close on Aug 16, the stock is likely to move higher with immediate hurdle at RM3.19.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A crossover of RM3.19 should see further price rise to the next overhead resistance zone, RM3.26 – RM3.35.</p></div>

<div class=newsTextDataWrapInner><p>“The support is pegged at RM3.04. A fall below RM3.04 would put pressure on the stock down to the subsequent support zone, RM2.90 – RM2.95,” it said.</p></div>

<div class=newsTextDataWrapInner><p>AllianceDBS Research said stock volume traded on Aug 16 was 22.8 million shares compared to the 3-month average volume of 16.6 million shares.</p></div>


KUALA LUMPUR (Aug 19): AllianceDBS Research said Genting Malaysia Bhd (GenM) had on 16 August 2019 traded higher to RM3.13 before closing unchanged at RM3.08 (up 1 sen or 0.32%).

In its evening edition Aug 16, the research house said GenM continued to trade below the 20-day (blue) and 5...

 Immediate support for GenM at RM3.04, says AllianceDBS Research 

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