Wednesday, July 20, 2011

Genting Singapore sold down heavily on a bull day

The STI closed the day with 30 points gain but Genting Singapore lost 2.7% with very heavy volume. The last post was about the critical $2.20 level which is still valid

The two earlier charts depicting the peak had been reached now appeared telling.

 
Today's chart updated:
Note the position of the closing price in the Bollinger Band. The bigger picture appears below.

 

 


Previous indication of centre point of the ascend and last effort to close the gap. This confirms the peak has been reached.