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Tuesday 4 July 2017

Genting Singapore (STI : G13.SI) - Will Next Earning Report Revives It ?

15 June posting highlighted a potential sign of weakness in Genting Singapore price action. The next day, it broke the 1st Trend Tracker Support level with relatively above average volume.

Few days later, 22 June, the final Trend Tracker Support level been broken with relatively high volume. Currently, the price action is weak.

Daily chart.

Weekly Chart.

With the recent positive news reported on Macau casinos with 11th month of gains on VIP resurgence and the upcoming earning report for Genting Singapore, we are looking forward to see whether it will revives the share price or continues sliding downward.

Related News:
1) Genting Singapore (STI : G13.SI) - Sign of Weakness ?
2) Genting Singapore (STI : G13.SI) - Genting Singapore Q1 net profit skyrockets 17 times
3) Macau casinos post 11th month of gains on VIP resurgence

Note : S-Trader indicators/tools is not part of Metastock software package. It is our proprietary system/tools. If you have any further inquiries, please feel free to Contact Us.

Source : 
1) Metastock

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