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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