0027 Galaxy Entertainment group - HKEX classical Rectangle reversal . with volume squeezing on right side of the pattern , Breakout into stage 2
1.00USD
872.14 MUSD
2.94 BUSD
About GALAXY ENTERTAINMENT GROUP LIMITED
Sector
Industry
Headquarters
Hong Kong
Website
Employees (FY)
20.4 K
Founded
1955
FIGI
BBG00D9WK5J7
Galaxy Entertainment Group Ltd. is an investment holding company, which engages in the management of casino games and provision of hospitality and related services. It operates through the following segments: Gaming and Entertainment, Construction Materials, and Corporate and Treasury Management. The Gaming and Entertainment segment manages gaming facilities and offers hospitality services. The Construction Materials segment includes manufacture and sale of construction materials. The Corporate and Treasury management segment represents corporate level activities including central treasury management and administrative function. The company was founded by Che Woo Lui in 1955 and is headquartered in Hong Kong.
Galaxy Ent is facing bearish pressurePrices are approaching our resistance in line with our fibonacci confluence levels where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Galaxy Ent is approaching support, potential bounce Price is approaching our support in line with our ascending trend line, 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a bounce above this level to our first resistance target.
Breakout imminentGalaxy Ent the biggest casino company has formed a huge Symmetrical triangle pattern that is going to breakout soon.
Patiently waiting breakout and volume for confirmation here.
Galaxy Ent is facing bullish pressure Price is facing bullish pressure where we could see a further upside here.
Galaxy Ent is facing bearish pressure Price is facing bearish pressure and a break below a our key support level at 54.80 would provide the bearish acceleration to our next support target.
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