Sell calls made over the past 2 weeks or to be cautious of a support breakdown… it happened…..
Heading towards the 0.700 now with temp support at 0.74 failing to hold too?
When and where should we start buying again……. Covering shorts…..
Profits protected no matter what…. J
Genting has broken the 0.800 last week as mentioned and headed to a low of 0.75 over the past few days before some short covering. May continue to trade in the range of 0.75 to 0.77 for now before more selling if the 0.75 temp support were to give way again. A target to 0.700 then 0.66 if that happens.
Genting Sing has been supported above the 0.800 psychological level for more than a month and seems to be holding well. Today we have again seen a sell down back to this key support on stronger volume. We may start to seeing some buying pressure again from this level if it holds and a potential rebound back to 0.85 then 0.88. Has not been able to cross above the KEY 0.88 – 0.90 LEVEL and retracement seen 2 weeks back. Those looking to long should have a stop loss below 0.800 in case support break down where we may see a trade lower to 0.74 then 0.70.