Genting Singapore hits near 2-month low; charts indicate more downside

Genesys International

05/07/2018 07:09

** Casino operator Genting Singapore Ltd's  GENS.SI  shares
fall as much as 2.54 pct to S$1.15, lowest since May 10
    ** Stock breaks below a support at S$1.181, the 38.2 pct
Fibonacci projection level of the downtrend from Jan. 24 high to
April 4 low https://reut.rs/2KTaUEc
    ** The nearest Fibonacci supports are S$1.135 and S$1.089,
the 50 pct and 61.8 pct projection levels respectively 
    ** Stock's wave pattern suggests it's in the third wave 'C'
of a three-wave corrective cycle
    ** On a 100 pct projection of wave 'A', the current wave 'C'
may fall up to S$0.94
    ** MACD is negative and below its signal line
    ** Stock down 9.92 pct this year as of Wednesday, compared
with 4.64 pct decline in the broader index  .STI  

 (Reporting by Gaurav Dogra)
 ((gaurav.dogra@thomsonreuters.com;))