Genting SP (technical)

Genting SP: Counter is trading near support at $1.42. Although MACD has come up from a bottom, it does not look particularly bullish. Both the RSI and Stochastics appear to be failing to recover from oversold lvls. While positive divergences are forming on all 3 indicators, it seems better to wait for a positive confirmation (upturn or green candle). The ADX shows that the bearish trend has yet to abate. The long-term trend appears to have worsened, with the 50 day once again cutting the 200 day SMA from above, a negative signal.