On 18/Feb, Genting Singapore (G13.SG) tumbles to lowest level since September 2009 by breaking the neckline resistance forming a head and shoulders pattern by closing @ $0.95 (-6.9%) of high VOL 0.37B.
With news of both the casino and the Universal Studio theme park (openings) already reported, Genting would need much positive news to live up to its expectation.
I will suggest keeping out of Genting for the time being and watch the VOL for more indication on entry opportunities. (Avoid high VOL unless it is going up)
Major Resistance: $1.03
Immediate support: $0.90 (Interested party can q at this price)
Next immediate support: $0.855
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