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.

Join our telegram channel on technical analysis for trends, entry and exit prices over Stocks, ETFs, and Indices!

Featuring regular TA posts and requests to analyse specific stocks
Click to join!
Notify of
Inline Feedbacks
View all comments

About the author

Profile photo of Jeremy Ng

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.

Get access to all the latest market news, reports, technical analysis
by signing up for a free account today!