Thursday, December 22, 2016

Genting Sing: Selldown back to key support, price 0.905

From previous call, has seen selling back to the 0.900 as mentioned where we are seeing some short covering….

Note that any clear move below 0.895 – 0.90 can see the sellers returning in force again where we can head to 0.85 – 0.86 next… 

Cautious long positions.

Momentum indicators are starting to reverse lower and will be more intense especially if 0.900 clears out….

Had a Bullish Exit signal 2 weeks back (for the 1ET bullish signal on 4th Nov).

Thanks for the BULLISH Exit on the system that we manage to ride and most importantly get out when the time is right….. 

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Recent Emails:

Sent: Monday, December 19, 2016 11:05 AM
Subject: ****** Genting Sing: A possible reversal back down, cautious.... price 0.925
Following up from previous call, we have seen Genting Sing traded to a high of 1.04 and profit taking began. From the system, we actually had an exit signal 2 weeks back (for the 1ET bullish signal on 4th Nov). System aside, today, we have seen it break below the 0.93 – 0.94 support that it has been holding above for about a month.  

Sent: Wednesday, December 07, 2016 9:52 AM
Subject: ******* Genting Sing: May be attempting a firm move above 1.00 soon, price 1.005 - No EXITS on system fyi

 For illustration purpose only

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