Friday, September 12, 2014

Follow Up ****************************** Genting SP: 1.20 Support breakdown. More downside likely below 1.20 resistance now. price 1.175

Sent: Friday, September 12, 2014 9:12 AM
Subject: Follow Up ****************************** Genting SP: 1.20 Support breakdown. More downside likely below 1.20 resistance now. price 1.175
Seems like quite a firm breakdown as it pulls further away from 1.20 support turned resistance now on top number 1 volume today. As mentioned previously, CFD sell positions can be used to ride any further downside. Protect your long positions  J

Sent: Thursday, September 11, 2014 4:12 PM
Subject: Follow Up ****************************** Genting SP: 1.20 Support breakdown. More downside likely below 1.20 resistance now. price 1.19
Genting has broken the 1.20 critical psychological support level today with a low set as 1.185. More downside can be possible if it does not creep back up within the coming days. Downside can be to 1.14 then 1.10 first. CFD sell positions can be triggered for aggressive traders to ride any downside on break down. Buy stop loss at 1.215.


Sent: Tuesday, September 09, 2014 9:46 AM
Subject: Follow Up ****************************** Genting SP: Back to near 1.20 support again.. price 1.205.... Opportunity to accumulate again
From previous call, it has traded to a high of only 1.24 before dipping back again. Range getting tighter, from 1.20 to 1.24-1.26. Can consider accumulating again for any temp technical rebound as long as 1.20 holds BUT Strict stop loss at 1.185 below the support. Any break down of this support can be detrimental so do have a strict stop loss to cap your risk. A break above 1.26 can see it go back to 1.30. Macd indicator looking at a bullish crossover soon after the 2 weeks consolidation.  J


Sent: Monday, September 01, 2014 3:53 PM
Subject: Follow Up ****************************** Genting SP: Temp technical rebound possible Good opportunity to accumulate for rebound, price - 1.21
Genting has managed to stage a technical rebound from the 1.20 support level last week and went to a high of 1.26. However, resistance at 1.26 did not manage to clear. Range likely to be still from 1.20 to 1.26. Can still consider accumulating above 1.20 for any rebound to 1.26 first as long as this support holds. Put a strict stop loss at 1.185 if a breakdown of 1.20 support does occur. Only a breakout above 1.26 can lead it to trade higher to 1.30 first.

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