GENTING SING Stock Code G13.SGX
Price broke below the cloud four days ago and has not been able to move above the cloud. Price has been capped by the lower edge of the cloud as well as the Conversion line. Conversion line had capped price on four occasions on the way downtrend, which is a sign of a s strong bearish trend. Conversion and Base lines had a bearish crossover, confirming the bearish trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD has moved below the zero line, which is a hint of a bearish price trend. We are expecting price to decline to the support level and the gap zone at $0.80.
$0.800 Price Target
$0.915 Risk Management Stop
3 weeks Trade Duration