Thursday, September 18, 2014

Follow Up ****************************** Genting SP: May have found a support above 1.10 after the huge sell down seen.... price 1.11 (PRICE NOW 1.14)

Technical Rebound indeed seen for Genting SP TODAY, now at 1.14  J

Sent: Monday, September 15, 2014 9:28 AM
Subject: Follow Up ****************************** Genting SP: Support breakdown. More downside likely below 1.20 resistance now. price 1.145
Genting SP seems to be still weak from the breakdown below the 1.20 support level. If it does not stay above 1.15 in the coming days, likely to head lower to test 1.10 as mentioned previously. Note that it has broken last week’s low of 1.17 further on TOP 3 Volume which can be negative. Those looking to accumulate on dips for any technical rebound can consider doing so from 1.10 to 1.12 level with support at 1.10 critical. Technical indicators looks weak still and may still have legs for downside if volume persist.

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