Thursday, March 29, 2018

Genting Sing: Weakness over past few weeks, Downside target hit, where to now? Price 1.06. System?


Just a month back, we saw some weakness in Genting Sing when it broke the 1.20 support level…


Indicators were starting to turn when it couldn’t breach the 1.30 resistance and….


…there were also some bearish signals spotted on our SYSTEM


As a result, a note was sent and some downside targets were drawn to 1.10 then 1.05 to ride any weakness…


See what I mean below….





Over the past few days, we have indeed seen the 1.10 support broken and target at 1.05 has been hit finally


Seeing some buyers coming back for now with some short covering probably near 1.05


It may consolidate from 1.05 to 1.10 for now but…


Would want to be careful on more firm negative price actions below 1.05 which can see it trade to 1.00 with our downside targets revised lower…


See where we are now below…


More importantly, want to know what we are seeing on the SYSTEM??? 


I mean is there still any Bearish signal or any EXIT on that bearish signal…?














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