Genting SP: Testing Important Support

Genting SP gapped down last Friday and is currently testing the 61.8% Fibonacci Support at about $1.78. If this support is broken, Genting SP may face fierce sell off because there are no significant supports at sight. The stock is currently trading below 20D, 50D, 100D and 200D MA.

This Post Has 2 Comments

  1. Chiam Tah Wen

    Quite scary!

  2. Marubozu

    But shorties are very happy.. because selling down is much faster than buying up.

Leave a Reply