CFD Trading – Buy Genting Sing (G13.SGX) @ $0.800. Stop @ $0.765 and Target @ $0.855.

Genting Sing Stock Code G13.SGX

Outlook

After reaching a high of $0.830 two days ago, a price pullback was supported by conversion line. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish trend. Lagging Span is above price of 26 days ago and but is inside the cloud. MACD is bullish with both its lines above the zero line. We are expecting price to be supported by the conversion line and a rally to follow to the next resistance level at $0.855 in the next 2-3 weeks.

Strategy

$0.800                Buy

$0.855                Price Target

$0.765                Risk Management Stop

3 weeks Trade Duration

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