Golden Agriculture (GAR) is currently trading in a Symmetrical Triangle. It also can be seen that GAR is trading between the 50D MA and 200D MA for the past two months. The trading range ($0.64 to $0.68) will be small until there is a breakout. Currently there is no trend for GAR as the stock is trading in whipsaw pattern.
Genting Singapore has broken out from the Symmetrical Triangle and broke the $2.00 psychological support. Genting Singapore failed to break the 20D MA resistance twice. There was a Bullish Harami candlestick pattern observed on last Friday and Genting Singapore may rebound to test the 20D MA resistance (about $2.00) the 3rd time. Failing to break above $2.00 resistance will continue the down trend and Genting Singapore will head towards the breakout price target of $1.60.
Genting Singapore is currently forming A Symmetrial Triangle. Price target is $1.60 (close to 200D MA support) if Genting Singapore breaks down from this triangle. Current $2.00 is a support to watch!
