Just about 2 weeks back, we spotted Genting Sing approaching the critical 1.05 resistance where buyers were attempting to break it…
There were already some signs of upside reversal showing in the indicators too..
Specifically the crossovers of the short term 20 day and 100 day moving averages…
Hence some upside targets were drawn…
Over the past few days last week, we have indeed seen a breached of the 1.05 resistance…
May be testing 1.10 to push higher…watching… 😉
Seeing some profit taking near 1.10 for now but may be attempting to push higher…
Where targets as drawn previously may still be on track..
1.10 is also where the 200 day MA is where a move above can be a signal some upside reversal in the longer term… watching..
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