Genting Singapore: Trend Reversal!

Genting Singapore shows a Bearish Engulfing candlestick pattern today. This is a trend reversal pattern after the recent uptrend.

Key level to watch:

  •  Whether Genting Singapore is still able to trade within this short term up trend channel, ie the channel support is not broken.
  • Whether Genting Singapore can bounce back when the stock reaches the 61.8% Fibonacci Retracement Level at about $1.126.

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