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.

Leave a Reply