Genting Singapore has broken the neckline of a Head and Shoulders chart pattern and on the way to minimum price target of about $1.80. Genting may rebound at the current support of $1.87 before continue it down trend path to close to 61.8% Fibonacci Support Level.
HL Asia has a Double Bottoms chart pattern failure. The stock was unable to break the neckline resistance and the stock price headed south since then. Currently HL Asia is trading below the 3 Moving Averages. Also take note that 200D MA (a long term trend) is sloping down which is a bearish sign.
Follow up on last IndoAgri stock analysis and IndoAgri seems that finding a support at this $1.665 level.
Things to watch out to confirm whether IndoAgri has found the bottom:
Current level is still not a right level to long the stock yet.
