Genting Singapore is currently trading within a down trend channel. 20D MA remains as a very strong resistance as Genting SP has failed to break for 3 times.
Base on current chart:
- Channel Resistance at about $1.90
- Channel Support at about $1.78 – $1.80 which is the 200D MA and 61.8% Fibonacci Retracement Level.
Genting broke the down trend channel resistance. Current chart is no longer valid. Genting Singapore is testing 50D MA resistance now.