Genting SP (technical)

Genting SP: Trading Central notes the stock extended its losses recently following the downside breakout of both the short term and medium term moving averages. The RSI has also lost its upward momentum and is now below its neutral 50% level, but not yet oversold, which indicates the stock may still have downside potential. As long as $1.54 holds as resistance , the house expects a new pullback to $1.39 and $1.30 in extension .