Good Morning,
Since the licence have been given, this stock has been under alot of volatility. Lets take a look of what we shared yesterday and what to expect today.
Yesterday:
I mentioned that Genting must close above 1.14 to ensure more upside on this stock as that is our V3Go DIFF R/L level.
What happened:
Genting opened at 1.15 and shot up to 1.17 very fast. V3Go traders would have entered at 1.16/1.17 but when it goes below 1.15, based on V3Go Rules, one must exercise cut loss as it is a technical sell as its below OP and the UT TSC. Or they must get out when it hit 1.11, the V3Go (V) Calculation. The stock slammed down to hit 1.06, before closing at 1.09. If a trader didn’t turn short then they should have suffered some losses on this trade.
What to expect today?
Based on V3Go techniques, there is No TSC today therefore there will be V3Go Sell Call around. There is a V3Go TAOS support at 1.05 today. Based on technique, if this stock can find support at this level, one can actually go small long it especially IF it goes above OP of today. Anything below 1.03 is a sell. So traders pls kindly take note of all the stated levels.
Disclaimer apply as usual.
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
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