Genting Singapore Stock Code G13.SGX
Outlook
Price gapped down on 28th of Jan 2020 and until today has yet to close the gap. The gap is from $0.90 down to $0.885. For the past few days, price was capped at the $0.89 high. As long as price failed to close this gap and move above $0.90, the trend for this stock is down. Price is also below the cloud which is a bearish trend. Conversion and Base lines have a bearish crossover confirming the bearish trend as well. Base line is at $0.895 and this is the current immediate resistance point. Lagging Span is below price of 26 periods ago and also below the cloud, again confirming the bearish trend. MACD may have a bullish crossover but MACD is still bearish. Both of MACD’s lines are below the zero line. Both MACD lines are also far from the zero line, which is a hint of a strong bearish trend.
Strategy
$0.895 Short Sell
$0.845 Price Target
$0.920 Risk Management Stop
3 weeks Trade Duration
CSE Global Stock Code 544.SGX
Outlook
Price closed above the cloud 2 days ago. Yesterday, the full price candle was above the cloud. This is a sign of a strong bullish trend. There is an immediate resistance at the moment at $0.58. If price is able to move above this resistance, the breakout would enhance the strength of the trend. The breakout also gives a price target of $0.670 based on the Ichimoku V price structure. Conversion and Base lines have a bullish crossover, which confirmed the bullish trend. MACD has just turned bullish with the slow line crossing over the zero line. Both lines of MACD’s are rising as well, which is a sign of a strong bullish trend.
Strategy
$0.560 Buy
$0.670 Price Target
$0.510 Risk Management Stop
3 weeks Trade Duration
