Genting HK: Consolidate at 200D MA Support

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Genting HK will probably consolidate at 200D MA support and may rebound from this level. The previous critical support at about $0.43 which is the 61.8% Fibonacci Retracement Level now become the resistance.

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Genting HK: Forming A Wedge

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Genting HongKong is forming a wedge pattern. The immediate resistance is at about $0.46 which is also the 78.6% Fibonacci Resistance. It is crucial to see whether Genting HK is able to break the 20D and 50D MA resistance, otherwise we may see the short term bear takes chargeĀ of Genting HK.

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