Genting SP has rebounded from the support of about $1.20 and currently testing the down trend resistance line (also 20D SMA) at about $1.29. This level is an important level to watch if Genting SP wants to stop this short term and medium term down trend. Long term Genting SP is still on down trend because 200D SMA is still sloping down. If support at $1.20 is broken, Genting SP will continue the down trend.
Kepland reached 52 weeks high resistance. Good opportunity to short at the resistance when there is a reversal candle appears. Next immediate support is about $3.45 (20D SMA) to $3.50 followed by $3.30 (200D SMA). This is a high risk trade as Kepland is on long term up trend (200D SMA is sloping up) and should cut loss if $3.60 resistance is broken.
Looks like SGX is reversing the trend after breaking out from the down trend channel. If SGX is able to hold above the $6.66 support (also 20D SMA), this trend reversal (to up trend) is confirmed. Immediate resistance is at $6.80 which is also the 61.8% Fibonacci Retracement level. There is also a possibility of forming an Inverted Head & Shoulders with neckline at $6.80.
