Genting Malaysia Bhd
’s rally has lost steam as it charted a second consecutive day of losses yesterday.
The share is finding support at the 100-day SMA lines near RM2, but could be looking at a lower support near RM1.90 as profit-taking continues. Looking at the technical indices, the overbought momentum has been neutralising with the slow-stochastic and RSI subsiding to 61 points each.
The MACD histogram remains positive, but the momentum has slowed slightly.
Investors are looking for a fresh lead to take the stock past the recent high of RM2.10. Following which, it could arrive at a November 2025 closing high of RM2.37.
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