GENTING SING Stock Code G13.SGX
Price reached a low of $0.765 on 13 May 2021 and has been climbing higher since that day. Yesterday, the corrective price rally was capped by the lower edge of the cloud. A Spinning Top candlestick price pattern was formed as well, which is a hint of a price decline. Unless price can move above the cloud, it means the price rally could be about to end and a resumption of the decline could be about to begin for $0.780. Lagging Span is around price of 26 days ago and is below the cloud. MACD remains bearish with both its lines below the zero line, which is a hint of a bearish price trend. We are expecting price to decline to the support level at $0.780 within the next 2-3 weeks.
$0.780 Price Target
$0.915 Risk Management Stop
3 weeks Trade Duration