Genting Sing Stock Code G13.SGX
Price broke above the cloud in the previous trading session and although the candlestick was not a strong candlestick, we think there is potential of a price rally. The correction off the high managed to stay above the Fibonacci 50% correction point at $0.76, which is a sign of a bullish price trend. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish and is hinting of a bullish price trend. If price can stay above the lower edge of the cloud and the Base line at $0.745, we think price can move higher to $0.83 in the next 2-3 week.
$0.830 Price Target
$0.745 Risk Management Stop
3 weeks Trade Duration