Support 1: 46.21                     Resistance 1: 62.30

Support 2: 40.25                                                            

Galaxy Entertainment price has hit the lower bound of the weekly range and coincidentally, there are few strong bullish technicals on the stock.

• Dragonfly Doji formation after 3 consecutive weeks of bearish declines certainly hints that the bear has been exhausted;
• Dragonfly Doji closes above the Support level 1 and 78.6% of the Fibonacci retracement level of the weekly range;
• Dragonfly Doji closes above the 200SMA;
• RSI bullish divergence. Although the RSI shows a flat bottom, it reflects a possible exit of the bearish momentum.