Genting HK (technical)

Genting HK: technicals suggest a possible pick up in share price in the near term, after rebounding from the recent bottom at $0.325. A close above the 200 day MA would be a confirmatory signal, and is positive for momentum. The indicators suggest good odds for this to happen, as RSI is cllimbing up from below neutral levels, and Stochastics are hooking up and about to emerge from oversold levels. MACD is also about to display a positive crossover. First resistance at US$0.36 , followed by US$0.38. Support at $0.325.