Genting Singapore (G13.SG) flat at $2.14 and is the most active stock so far with almost 66 million shares traded.

The stock has gained 12% since November’s $1.92 low, after sequentially lower 3Q results spurred concerns that competitor Marina Bay Sands’ ramp-up was eating into Resorts World Sentosa’s profits.

But, UOB KayHian says charts now point to higher ground; “on a technical basis, we expect Genting Singapore to trade higher following a short-term consolidation during late-November.”

Says the stock is now gaining momentum on the upside after it managed to close above the 12-day, 26-day moving averages, while the MACD line also crossed over the signal line, “providing us with a Buy indication.”

Says next resistance is the previous peak of $ 2.35 with support at $1.92. Notes “low risk investors may consider adding positions only after there is a moving averages crossover.”