Genting SP: A rebound or a reversal?

Although I do not have any vested interest in Genting SP, I remain deeply interested in this highly liquid, highly volatile counter.

On 24 Nov, I mentioned that "We could see a rebound and if it does happen, resistance is at $2.10 which is where we find the 50dMA. Anyone who is thinking of reducing exposure could consider doing so here. After all, price goes down a river of hope and rarely in a straight line." In the last session, Genting SP closed at $2.09 after touching a high of $2.13.

The volume which accompanied the rise in price was not impressive. With the 20dMA poised to form a dead cross with the 50dMA, there could be more downward pressure.  The white candle formed was with a long upper wick which suggests selling pressure beyond $2.09. The MACD has turned up but it is doing so in negative territory which suggests that what we have is just a rebound and not a reversal.

I have also drawn lines in orange color connecting the highs of 20 Sep and 9 Nov as well as the lows of 30 Sep and 10 Nov. Do you see a rising wedge? It seems that this pattern is valid and the downside target is at least $1.85. Of course, if the next session sees an expansion of volume as price rises up, this reading would be invalidated.