Following up from previous blog post about 3 weeks back >>> http://singaporetradinginsights.blogspot.sg/2018/04/genting-sing-rebound-caught-after-sell.html
We have indeed seen our target at 1.30 hit today…
It was consolidating for more than 2 weeks below 1.20 and finally some bullish actions came last week…
Over the past few weeks, we had actually revised our targets higher as per charts and were expecting a move above 1.20…
See what I mean below.
Finally the move came and target at 1.30 hit today…
Seeing some profit taking near 1.30 for now which is normal, given the rally we have experienced..
But more upside may continue on more specific price actions above 1.30…
Probably to 1.40 next…
Some has already profited as seen below…
Anyway, still in watch list for more upside… let’s see if that plays out as well…
Would want to protect profits at current levels too J
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