It seems the bear is taking over the bull in Genting SP (G13.SI) share price. It crossed over the 50d MA line (Green line) and the MACD is losing momentum. Is it time to short or long Genting SP? There are many factors to consider. I would say you keep this stock in your watchlist, once the MACD breaks below the 0 line and volume is high enough, you can short it all you want. But be careful, if STI is still on the uptrend, make sure you short it short term.
But let say if the price enter back into the region between 20d MA and 50d MA, you might want to long the stock. Make sure to check other indicators before choose to long or short Genting SP.
I will be updating on Genting SP soon, stay in touch. :)
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