Price is facing bullish pressure from our ascending trend line where we could see an upside to our take profit target. What are your thoughts on this?
Price is reaching our support in line with our trend line, 78.6% retracement and 61.8% extension where we could see a bounce above this level.
Awaiting breakdown. Disclaimer: Not an advice to buy or sell
stock is on an overall downwards trend. With the market rebound, it did not manage to break its resistance line @ 0.775. It also breach the uptrend line on 20 Apr with downward pressure. There's a potential support line @ 0.72. If breaks above resistance, potential to long @ entry price 0.78 with profit taking @ 0.845 and stop-loss @ 0.72. If it breaks support...
STOCK IN FOCUS: GENTING SING As the pandemic situation continues, tourism-related companies are greatly affected. Travel advisories, bans and even country lock-downs see a stark drop in local and tourist traffic, and revenue for the retail and hospitality sector. Genting Singapore PLC had been involved in the development, and currently operating 2 Integrated...
The stock is still in early stage of the upward trajectory with continuous good volume shown since November period and has managed to be supported as shown by the RSI chart. Mid-term resistance as shown observed.
Taking 0.8818 as bottom price, this stock presents buy opportunities. Decide how much of your portfolio you would add this stock. Plan your buying capital and start accumulating in buy zone 1, not exceeding 50% of your plan. Another 35% could be use when price is in buy zone 2. The average price should be lower than 1.13 (high of zone 1) Start capitalizing when...
The main reason that cause Genting Singapore gapped down when open today is due to the increase of casino tax. Good news is government allows expansion of its business. Suggest to look for opportunity to long around 0.96 will be a good area to long SL : 0.84 TP : Follow arrow
View On Genting Sing (10 Apr 2019) Back Ground: We had a good GAP DOWn sell on Genting but I am seeing this move is a liquidity seeking mode. So it is risky to say but we may see a rebound soon. Do not buy it with the big lot but you can tip top to see it it works. Target(s): UP 1 (TP1), 1.1 (TP2), 1.125 (TP3) SHTF: $0.80 is the last support. DYODD, all...
Genting Singapore Limited (G13.SI) seems to be unable to break the resistance level at $1.07. Overall trend is leaning towards the bears with a potential trend line resistance at $1.12. Both the EMA 50 and 200 is also acting as resistance which slows a few key confluence levels. A break above $1.19 will invalidate our trade idea. We are looking for a short set-up...
Previous Run by Genting did a retracement back to in between 0.786 and 0.88 fib levels. I would expect the same retracement for this correction.
Break major support and re-test with doji. TP $0.91, SL $1.14
Genting continue to fall from current price 1.13 with an extend to 1.04 and looking to rally up closer to 1.27.
Watch Price stall at 1.30 respecting long term trend line and EMA As price stall, long opportunity setup
Risk - 6 Nov Earnings *Weekly Dip (2nd Trench) Buy @ 1.22 Stop @ 1.17 Target @ 1.415 - Play Small - Hold for 3 or more weeks - Do not be shaken out - Set stop orders accordingly