Monday, March 14, 2016

Genting Sing: Are we seeing a breakout above 0.800 resistance as mentioned all along..... now at 0.82

Where to now? Congrats to those who managed to lock in some positions previously….

Sent: Monday, March 07, 2016 10:02 AM
Subject: **************** Genting Sing: Heading towards the key 0.800 psychological level... price 0.785
Genting has traded slowly upwards towards the 0.800 KEY RESISTANCE level on market strength over the past few days. It may start to face some selling pressure near here with general trend still down for now. So those who already have positions locked it, can consider taking some profits by scaling sell orders near 0.800. However, note that there is the possible of this 0.800 resistance clearing out which we are not ruling out, and if that happens, we are prepared to ride the upside further to 0.85 then 0.88 while raising our stop loss to protect our profits, alerts set. J You can see an inverse Head and Shoulder pattern with neckline resistance also at 0.800, so any move above 0.800 can potentially lead to a reversal rally again.

Sent: Monday, February 22, 2016 9:49 AM
Subject: ******************** Genting Sing: Breakout spotted above 0.74 resistance, more short term momentum likely above, price 0.745
Genting Sing has broken above the 0.735 – 0.74 level that it has consolidated below for more than a month. Any move above with 0.75  clearing out as well can be a short term positive to near term target at 0.800 first. Indicators are looking at a reversal too but more price action confirmation needed. Volume above average on the buy ups which is a good sign. Stop loss can be at 0.73 for any long positions. Mid to long term trend may still be weak, so good to take profit along the way while raising stop loss.

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