Genting SP has shown a slight head and shoulder pattern formation with a break down in the neckline support at 1.43. Cautious. Next immediate support stands at 1.40 level. 200 DAY MA stands at 1.385 so it must be supported above this level or it can continue to head down to test 1.35 support. As long as 1.43 remains as resistance, we are bearish with downside to 1.40 then 1.35. Recent low in Nov last year was around the 1.20 regions so be cautious. If psychological support at 1.40 does not hold, can consider increasing short positions.
Buy stop at 1.44
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