Genting Sp after hitting the high of $1.04 on 8th Dec 2016 , it had since corrected sharply and went down to touch 93 cents. This is generally rather bearish.
The current price of 94.5 cents is staying below the 20SMA line which is a sign of weakness and may likely go down to test the 50 SMA line at about 85 cents.
Breaking down of 85 cents that may likely go down to test 80 cents and below.
Fyi, recent selling of shares by directors may be a tell tale sign that the current price of 94.5 to 98 cents could be deem as a favorable price to divest.
Also it will be good to take note of the high PE of about 63 times base on the estimate EPS of about 1.5 cents ( 9 months eps 0.89 cents + /- of 0.61 cents for 4th qtr) .
I think the bull run from 74 cents to a high of 1.04 which is mainly attributed to the first interim dividend of 1.5 cents + the news flow of the Japan casino that may likely boosted the share price to go up. Looks like it may be losing out of steam. Trade with extra cautious . Dyodd.
( trade base on your own decision)
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