Technical Pulse: Genting Sing Ltd May 4, 2017 36
Genting Sing Ltd – Daily timeframe (Update from 29 March 17)
Current Sentiment: Bullish
Support 1: 1.040 Resistance 1: 1.165
Support 2: 1.005 Resistance 2: 1.220
Price still moving resiliently along the uptrend here as the 20 and 60 day moving average repeatedly held price up. The most recent bullish break above the 1.000 psychological resistance area proved the bullish momentum is accelerating.
Price should continue to climb higher from here to target the 1.165 resistance area next followed by 1.220.
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Jeremy Ng
Research Analyst
Phillip Securities Research Pte Ltd
Jeremy specialises in Technical Analysis and has 10 years of experience in studying price action. His areas of expertise include intermarket analysis on the equities, currencies, commodities and bonds market.
He is also a regular columnist on The Business Times - every Monday ChartPoint column.
He graduated with a Bachelor of Science in Banking and Finance from University of London.