GENTING SING has staged a strong recovery after hitting the low of 66 cents on 11th Feb 2016 and managed to continued to head higher to touch 80 cents on 11th Mar 2016. This is super bullish.
With the current price hovering above the SMA lines this is generally very healthy.
Also on 11th Mar 2016 it had managed to cleared the strong overhead resistance at 79 cents and closed high at 80 cents with high volume. This is rather positive.
Macd indicator is still trending upwards which may provide further catalyst that the share price may continue to head higher.
Short term wise may see it goes up to re-visit 87 cents and then 91 cents with extension to $1.00.
(trade base on your own decision)
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