As mentioned last week, could just be a temp rebound, BACK TO 0.90 – 0.91 support today again, QUESTION IS: Can the 0.900 support hold?
Sent: Tuesday, March 10, 2015 9:39 AM
Subject: ************** Genting SP: Consoliadation from 0.90 to 0.96 now after selldown seen.
Subject: ************** Genting SP: Consoliadation from 0.90 to 0.96 now after selldown seen.
Bullish Engulfing candlestick pattern spotted yesterday with resistance at 0.96. Range can be from 0.90 to 0.96 now but if it manages to cross above 0.96, can see it trade back to 1.00 resistance level. Overall trend is still negative with all 3 moving averages pointing downwards so this could just be a temp technical rebound to the 0.96 – 1.00 range. CFD SELL near resistance levels to ride any retracement back downwards towards 0.900.
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