Genting SP - 06 Mar 2025

Technical Analysis of Genting Singapore (SGX: G13) - 1D Chart

1. Trend Analysis

• Overall Trend: Downtrend (Lower Highs & Lower Lows)
• Recent Price Action: The stock has been in a long-term downtrend from the high of 1.19 to the current 0.710.
• Lower Highs & Lower Lows:
  • Lower Highs: 1.060 → 1.03 → 0.970 → 0.960
  • Lower Lows: 0.900 → 0.850 → 0.785 → 0.740
• Signs of Weakness:
  • Declining Peaks: Lower highs indicate weaker bullish attempts.
  • Increasing Overlap: More choppy price action recently, signaling possible trend exhaustion.

2. Key Price Action Signals

• Strong Trend Bars & Follow-Through:
  • Large bearish bars with strong volume at resistance levels.
• Reversal Patterns:
  • No strong bullish reversal signals yet.
  • A possible double bottom formation near 0.740 & 0.725.
• Inside Bars & Dojis:
  • Several consolidation periods around 0.900 and 0.850 before continuing lower.
  • Current doji-like bars near the support level suggest indecision.

3. Support & Resistance Levels

• Major Resistance Zones:
  • 1.060 – 1.030 (Previous swing highs)
  • 0.960 – 0.900 (Key supply zone)
• Major Support Levels:
  • 0.740 – 0.725 (Recent bottom)
  • 0.785 – 0.760 (Short-term support zone)
  • 0.710 (Current price, testing key level)

4. Breakout & Pullback Analysis

• Breakouts:
  • Breakdown below 0.760 was weak, showing hesitation in further decline.
• Pullbacks:
  • Multiple failed bullish pullbacks at 0.900, indicating strong selling pressure.
  • Most pullbacks lack volume support for a bullish reversal.

5. Market Context & Trading Bias

• Market Structure: Still in a downtrend with no clear signs of reversal.
• Potential Trend Shift Signals: Needs a higher high above 0.800+ to confirm trend change.
• Current Sentiment: Bearish but oversold conditions could bring a short-term bounce.

6. Supply, Demand & Liquidity Analysis

• Supply Zones:
  • 0.900 – 0.960 has heavy resistance.
  • Any bounce may struggle at 0.800 – 0.850.
• Demand Zones:
  • 0.725 – 0.740 has seen buyers step in.
• Volume Analysis:
  • Declining volume on the recent down move suggests sellers are weakening.

7. Risk Management Strategy

• Entry Points:
  • Bullish Case: Wait for a breakout above 0.760 – 0.800 for trend confirmation.
  • Bearish Case: Short near 0.785 – 0.800 if resistance holds.
• Stop-Loss:
  • Bullish: Below 0.725 (strong support).
  • Bearish: Above 0.850 (major resistance).
• Profit Targets:
  • Upside: First target 0.785 – 0.800, extended to 0.900.
  • Downside: Below 0.700 if sellers remain strong.

Final Thoughts

• The long-term trend remains bearish, but 0.725 – 0.740 could act as a support zone for a short-term bounce.
• A break above 0.800 is needed for trend reversal.
• Watch volume behavior near key levels for confirmation of buying or selling pressure.

Disclaimer:Please note that this analysis is for educational purposes only and should not be taken as investment advice. Trading involves significant risk, and you should consult with a financial advisor before making any decisions.

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