Genting Sp has consolidated between the 1.40 to 1.50 range for about a month already only to break above today on TOP 20 volume. Possible upside to 1.55 then 1.65 in the near term on this breakout. As long as 1.50 stays as new support level, short term bullish. Recent high in Feb and May 2013 was around the 1.65 level so we can expect to see a possible rebound back to those level if it manages to stay above 1.50.
Stop loss at 1.485 for short term trades.
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