Genting Singapore (SGX: G13) has broken below the support turned resistance level at $0.785 based on our report dated 11th June 2020. We are still maintaining our short position on our previous report based and revise our new target price to $0.625 based on our updated Fibonacci expansion level of $0.735-$0.840:
*Timeline of the trade should be between 1-3 weeks from the date issued.
* The support between $0.700-%0.720 remain a key support zone. Breaking it wills see price travel further to $0.625.
Red dotted line = 200 periods Moving average
Blue dotted line = 50 periods Moving average