Genting Sing had managed to cross over the 80 cents overhead resistance and closed well at 80.5 cents today . This is rather positive.
I think short term wise it may move up to re-test 82 cents ( recent high being attained on 18th July).
Breaking out of 82 cents with good volume that may propel to drive the share price higher towards 86 cents then 90 cents.
Genting Sing - 14th July 2016
Genting Sing after hitting the low of 68.5 cents on 28th June 2016 it had since managed to stage a strong recovery and risen up to touch 78.5 cents on 14th July 2016. This is rather bullish.
The current price of 78.5 cents is staying above the SMA lines which is generally quite positive.
Also both Macd & Rsi are still rising upwards which may provide further indication that the share price may continue to trend higher.
Short term wise, I think it may continue to trend higher to re-visit 80 cents . Breaking out of 80 cents with good volume that may drive the share price higher towards 87 cents then 90 cents and above.
( trade base on your own decision)
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