Genting HK

Genting HK: Technical Buy with potential 18.8% return and US$0.41 TP. Note that Prices are trading above its 20-day MAand a golden cross has formed on its 20-day and 50-day MA as well. A break above US$0.375 is likely to test US$0.41. Stochastics indicator has formed a bullish crossover and MACD indicator has hooked up. Stops could be placed at below US$0.325. House institutional research has a fundamental BUY with a target price of US$0.38.