Sunday, February 2, 2020

Technical Analysis Feb 2020: GENS (G13)

Genting Singapore Ltd 

Observation from Chart:

GENS (G13) gap down from SGD0.91 to SGD0.885

Will it rebound from strong support level, SGD0.86 ?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K at oversold stage, pending trigger BUY call.

Immediate resistance @ SGD0.885 level.
Subsequent resistance @ SGD0.91 level.

Immediate support @ SGD0.86 level.
If break the support, lower low is confirm. Downtrend may resume.

GENS may hit by Coronavirus?
Source: Singapore-casinos-brace-for-Wuhan-coronavirus-fallout
Will this be an opportunity for value investor?

Let's watch closely.


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