Selling down towards the next psychological support…… let’s see….
Sent: Friday, January 08, 2016 9:39 AM
Subject: ************** Genting Sing: Sell down to 0.70 then a rebound..... note key support... price 0.72
Subject: ************** Genting Sing: Sell down to 0.70 then a rebound..... note key support... price 0.72
Genting has header lower towards the 0.700 psychological level today before a slight rebound as markets start to recover. Range would be from 0.70 to 0.74 now likely. Note that 0.700 is still a critical level to watch for more weakness. There can be a temp rebound from 0.700 as it finds a new consolidation BUT clearing and selling DOWN BELOW 0.700 can see a new low towards 0.60 then 0.50. Note out of the woods yets.
Sent: Thursday, January 07, 2016 9:32 AM
Subject: **************** Genting Sing: May head to test psychological 0.70 level.... price 0.73..
Subject: **************** Genting Sing: May head to test psychological 0.70 level.... price 0.73..
Genting Sing has consolidated above the 0.73 – 0.735 support level for more than a month and today we have seen a high volume move below this key support which can start to see some short term downside towards the 0.700 psychological support level. Longer term trend still negative with markets weaker and indicators also turning lower after stabilizing. A further breakdown below 0.700 can see it find a new lower with bears coming back in full force again… Cautious long
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