Genting Sing – Make or break?
- Genting Sing has been on an uptrend since the beginning of November 2020 with significant volume and is currently in a phase of consolidation.
- Based on the chart, the red candlestick on 10th February 2021 dropped below the 10 day Exponential Moving Average with significant volume, which is an indication of downtrend for the short term.
- There is a strong resistance level at $0.89 and support level at $0.84. If Genting Sing breaks above the resistance level of $0.89, it may potentially create a new high for this year. However, if it breaks below the support level of $0.84, it may continue to fall until the next support level of $0.695.
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