Genting closed $2.09 on 15th Nov 2010 after hitting a 52-week high of $2.35 on 9th Nov 2010. After the earning on 11th Nov 2010 ( below forecast ), share price has pulled back and that terminated the uptrend channel established since breakout on 13th Aug 2010.
Technically, it is on a downtrend channel with resistance at $2.20 and $2.28 level while possible downside of the downtrend channel could be $1.85 or even $1.50. Unless share price is able to break the downtrend channel else might see more downside for Genting.
