OSK Retail Research is advising traders to buy Genting Bhd shares at the current level or buy on weakness at above RM11.06 a share.
It said the stock might eventually exceed the tough resistance between RM11.78 to RM11.98 to clinch a record high.
OSK's cut-loss point is pegged at below RM11.06 a share.
"The RM11.06 level now represents the immediate strong support.
A minor support could be found at the lower level of RM10.68 and further down, strong support is detected at RM10.24 level.
"The RM11.78 and RM11.98 levels are the remaining tough resistance to overcome," it said in a research note today.
The research firm said Genting gained 24 sen yesterday after it cracked above the RM10 and RM11.06 consolidation phase in the September-October rebound. -- Bernama
It said the stock might eventually exceed the tough resistance between RM11.78 to RM11.98 to clinch a record high.
OSK's cut-loss point is pegged at below RM11.06 a share.
"The RM11.06 level now represents the immediate strong support.
A minor support could be found at the lower level of RM10.68 and further down, strong support is detected at RM10.24 level.
"The RM11.78 and RM11.98 levels are the remaining tough resistance to overcome," it said in a research note today.
The research firm said Genting gained 24 sen yesterday after it cracked above the RM10 and RM11.06 consolidation phase in the September-October rebound. -- Bernama
