Touched a high of 0.785 yesterday followed by some profit taking….. Can that resistance clear out as well?
Sent: Wednesday, September 16, 2015 9:25 AM
Subject: ******* Genting Sing: Consolidation in progress with resistance at 0.75, watchlist
Subject: ******* Genting Sing: Consolidation in progress with resistance at 0.75, watchlist
Genting Sing has been consolidating for more than a week from the 0.71 to 0.75 range. Only the upside breakout above 0.75 can pave the way higher towards 0.78 – 0 .80 resistance. Those looking to accumulate on dips can do some near 0.715 but cut loss on any support breakdown especially if the 0.700 fails to hold as well. Dominant trend still down for now but it may undergo a temp rebound upon clearing 0.75. Let’s watch. CFD SELL positions below 0.700 likely to be taken to ride the downtrend further.
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