Genting SP (technical)

Genting SP: technical outlook appears favorable as long as it stays above the $1.425 key level and 200 day moving average. Not expecting big near term price moves as the indicators are still flattish. But watch for a break of the $1.50 resistance (slightly above the mid-Sep peak), which could signal the stock as a potential bullish breakout play to test $1.55 and $1.60 next.