Genting Sing: Retracing back to key support as mentioned last week... price 0.71

Can the support at 0.700 hold?

Sent: Wednesday, September 23, 2015 11:56 AM
Subject: ********** Genting Sing: Retracing back to key support, price 0.725

Genting has failed to break above the 0.78 – 0.79 consolidation resistance that has held for about a month and today we are seeing a move back to its key support at 0.71 – 0.715 again. This has been tested a few times over the past 1 month where it rebounded from, range would be from 0.71 to 0.75 for now. Note that any clear breakdown below this crucial support especially with 0.700 clearing as well, can lead to a new low to 0.64 then 0.60. Both longer term 100 and 200 day MA line still pointing lower with indicators reversing from the previous strength. CFD SELL on a breakdown. As long as 0.78 – 0.80 is a resistance still a negative where downtrend is taking control still.