Genting Singapore (SGX: G13) upside rally has paused since prices broke out of the consolidated range in early June. The upside was limited as the technicals are displaying signs that the bulls are lacking the momentum. The share price is poised to correct downwards.
*Timeline of the trade should be between 1-3 weeks from the date issued.
* The support level at $0.785 remains a crucial level. Should price reverse strongly and stay elevated above the support level for 3 consecutive periods, the price will likely test the high at $0.90.
Red dotted line = 200 periods Moving average
Blue dotted line = 50 periods Moving average
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