Genting SP (technical)

Genting SP: Trading Central has a positive chart view, notes the stock remains supported by a medium term rising trend line since Nov '12. Both the short term and medium term moving avg are heading upwards, and RSI has recently bounced off support at 50%, standing firmly above the neutral level. As long as $1.48 support (current 50 day MA) holds, the house sees a new up move to $1.64, followed by $1.69 in extension.