Genting SP: Uptrend intact.

Genting SP's uptrend is clearly intact.  The 20dMA is still rising. Could it push price higher?

The MFI is declining towards 50%.  Could 50% provide support? OBV shows a lack of distribution activity. So, despite a weakening demand, there is no serious selling down.

Immediate support is at $1.25 and immediate resistance is at $1.30.

Genting Singapore reports 2Q net profit of $396.5m
Thursday, 12 August 2010

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