Chip Eng Seng: Forming a Symmetrical Triangle
ChipES looks like forming a symmetrial triangle ranges from 0.31 to 0.38. No big movemenent until the breakout. resistance at 0.38 and support at 0.31.
ChipES looks like forming a symmetrial triangle ranges from 0.31 to 0.38. No big movemenent until the breakout. resistance at 0.38 and support at 0.31.
Genting Singapore has been on a bullish trend for 3 months since end April. The rise in stock price has been very steep and it is very similar to the previous pattern (ie. very steep slope followed by a big sell down). In addition, Genting Singapore is very close the $1.30 resistance and present very limited upside opportunity. Will the history repeat itself and worth the gamble at this entry point? I think the shorties are gettign ready to short this stock. Let see…..