Genting may test $0.85 support tomorrow!

On 2/Mar, most Asian shares ended higher as technology stocks gained ground on higher consumer demand. In the day, STI went up to the high of 2788 and after which see-saw for the rest of session. But on the last 45 mins before closing, STI drops swiftly down 1.86 points or 0.1% at 2,772.20. Volumes were relatively low with 1.30 billion shares compared to 1.47 billion Monday. In the broader market, losers outnumbered gainers 185 to 288 but I would not worry too much since the market sentiments are slightly biased towards bullish.

Today there is another huge selling on Genting @ VOL of 0.2B which break the support @ $0.90. The support @ $0.85 might be tested tomorrow and may trigger another round of sell-off if this support breaks. (RSI @ Oversold)

Support turned RESISTANCE = $0.90
Immediate Support = $0.85.

Finally CapitaMalls Asia Ltd. gained 1.8% to S$2.32 while COSCO Corp. Ltd fell 0.8% to S$1.23 on rumors that the shipping group may be replaced by the developer on the next STI semi-annual review in this March