Tag: Genting Singapore

Genting Sing Stock Code G13.SGX

Outlook

Price broke above the cloud on 17 March and in the previous trading session, price pushed above the previous high at $0.795. Conversion line and Base line have a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend.  MACD remains above the zero line and is hinting at a bullish price trend. We think price is likely to break above the previous high and move higher to the Ichimoku V-shaped price projection target at $0.845, in the next 1-2 weeks.

Strategy                  

$0.795                Buy

$0.845                Price Target

$0.765                Risk Management Stop

2 weeks              Trade Duration

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

Genting Sing Stock Code G13.SGX

Outlook

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.

Strategy                  

$0.770                Buy

$0.830                Price Target

$0.745                Risk Management Stop

3 weeks              Trade Duration

GENTING SING Stock Code G13.SGX

Outlook
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.

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

GENTING SING Stock Code G13.SGX

Outlook
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.

Strategy
$0.880                Sell
$0.800                Price Target
$0.915                Risk Management Stop
3 weeks Trade Duration