Genting SP HAS traded lower the previous 3 sell calls to a low of 1.015 two days ago before staging a rebound. A Bullish reversal hammer has been spotted which may lead to a reversal back to 1.08 – 1.10 level. Support would currently be at 1.035 - 1.04, if it can trade above this in the coming days, may still have some upside back to 1.085 first. Note that the ultimate support level is at 1.00 still and as long as it holds above this level can consider accumulating on dips for any rebound like that seen last month.
As per previous SELL CALL yesterday and last week, Genting SP has indeed broke below the 1.08 support convincingly yesterday. Temp support would probably be at 1.03 but any breakdown again get see it trade to 1.00 first. A break down below 1.00 can pave the way to 0.90 next. Careful long positions. Further CFD SELL positions on breakdown below 1.00. Lower buy stop loss to 1.055 now for current cfd sell positions.
Seem to have broken below the 1.08 support level and hitting new lows as time passes. Sell down of 1.07 - 1.075 would be a further confirmation of more weakness. Careful long positions. CFD SELL.