Thursday, March 14, 2013

Short term CFD Short (Sell) Trade: Genting SP. Share price 1.49.

Genting SP has broke the 1.50 critical support which it has stayed above for about 1 and a half month since 31st Jan 2013. Tested twice during this period and broke down support at 1.50 today. Next immediate support at 1.43 to 1.45 level.  CFD to short, please do not sell short using normal cash market. Resistance at 1.50. As long as 1.50 remains as the resistance, we are bearish with a take profit buy back price at 1.45 and below.
Buy Stop loss at 1.51.
 
 

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