Genting SP - Breaking above 1.05 today as mentioned to clients last Wednesday !!

Breakout indeed occurred today on top 10 volume. Can it hold above 1.05 now ?

Sent: Wednesday, February 18, 2015 9:14 AM
Subject: ************************ Genting SP - Consolidation in wait of more direction, price 1.04, levels to note....

Genting SP has been trading in the range of 1.02 to 1.045 for more than a week already since our previous call. Immediate resistance stands at 1.045 for now after which would be at 1.085 which has been resisting since December. Stochastic indicators look oversold with signs of a bullish crossover leading to a reversal back up. Any breakout above 1.045 – 1.05 can see it trade back up to 1.085 first. Apart from that, as long as 1.00 holds as the support, there can be room for a rebound from current levels too, take note of the price levels. Those looking to accumulate on dips can do so if 1.02 support does not hold and accumulate near 1.00 support for a potential rebound.

Sent: Thursday, February 12, 2015 9:37 AM
Subject: **************** Genting SP: Nearing 1.00 support level, Rebound or breakdown. Trade it either way.... price 1.02

Genting SP trading range is currently from 1.02 to 1.05. Has been trading lower for about 2 weeks already after it not being above to cross above the 1.085 resistance level. A break below 1.02 temp support can see it trade back to the critical 1.00 psychological support level which has been holding for about 4 months already since October. Those looking to accumualte for any rebound like we have seen for about 4 times can consider buying on dips near 1.00 support leveL. As long as this level holds in the short to mid term ,there can still be a rebound opportunity. However, note that a clear breakdown below 1.00 can put an end to the consolidation phase and we may see more downside to 0.96 then 0.90. So stop loss at 0.985 for any long positions. CFD sell on a convincing breakdown below 1.00.