Divergence Trader

Trading Idea - Genting Sing 'A' Trade (Long)

Francis Chua
Publish date: Tue, 18 Nov 2014, 12:14 PM
Francis Chua
0 10,452
To find the truth, look below the surface

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.

Genting Sing blog

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.

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