Genting Singapore is trading on the down trend base on the current chart. Genting Singapore is trading below 20D, 50D and 200D MA. Also take note that Genting SP failed to break the 20D MA resistance and turned down. Currently the stock is just sitting on the $1.87 support. Breaking this support may send the stock down to 61.8% Fibonacci support of about $1.78.
Follow up from last analysis. Bull is defeated for Yangzijiang. On the way to $1.20 breakout target price of a Head and Shoulders chart pattern.
CityDev is just sitting on the 61.8% Fibonacci Support now. This $10.00 is an important psychological support and also the previous resistance-turned-support level. In addition, this level is also the neckline of the Head and Shoulders (multiple shoulders) if you can spot it. Breaking this critical support will send CityDev to the price target of $6.40. Open the eye big big on this $10.00 level because the big BEAR will come!
