Genting SP: Heading towards 0.900 critical support level, technical rebound or breakdown ? Opportunity ?

Following up from Friday’s call, yes indeed seems like making its way to 0.900, let’s see !

Sent: Friday, May 15, 2015 9:13 AM
Subject: ******************** Genting SP: Broken support at 1.00. price 0.95

Genting has broken the 1.00 critical support today on strong volume due to results way below expectations. May start to see some weakness as it tries to head towards the next support at 0.900 which was the support since March. Those looking to accumulate on dips can consider scaling buy trades near 0.900 for a potential technical rebound. Any further breakdown below the 0.900 support can see more downside to 0.86 then 0.80 though. Cautious long position. Longer term 200 day MA still pointing lower with 20 day MA reversing downwards on today’s price action.