CFD Trading – Sell Genting (G13.SGX) @ $0.880. Stop @ $0.915 and Target @ $0.780.


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.

$0.880                Sell
$0.780                Price Target
$0.915                Risk Management Stop
3 weeks Trade Duration

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