Finally I found an ‘A’ Trade.
Genting Sing has a bullish divergence formed in daily chart.
As what Dr. Alexandra Elder, It will give you a “WOW” factor when you open the chart.
Let us look at the chart.
MACD histogram is ticking up and it is above zero reference line.
Price has been at the range at 1.05/1.055
Entry at 1.05/1.055
My target will at 1.085/1.09, as there will be a lot of sellers at this range. However if this level break thru, the next level will be 1.1/1.115
Cut lose if price break $1.04
Take care of your losses and profit will be taken care by itself.
Best wishes,
Divergence Trader Francis
Disclaimer: This blog is created for the sole purpose of education, discussion and knowledge sharing. All charts and information can be obtained freely from the internet. All analysis are based on my own personal view and years of experience. It should not be used as a decision to solicit buy/sell activity. Use all information at your own discretion and practice due diligence.
The post Trading Idea – Genting Sing ‘A’ Trade (Long) appeared first on Divergence Trader.
Created by Francis Chua | Dec 28, 2015
Created by Francis Chua | Nov 08, 2015
Created by Francis Chua | Oct 12, 2015
Created by Francis Chua | Sep 13, 2015