Genting SP (technical)

Genting SP: remains under pressure below its nearest bearish gap, as well as a MT key resistance at $1.42. Both the ST & MT SMAs have now turned down, confirming a negative outlook. Furthermore, the RSI is badly directed, calling for further downsides. Below $1.42, look for the downside breakout of $1.32, and then $1.22 as the next down target.