My previous post on Genting SP(dated 23rd October) here spotted a macro MACD bearish divergence when price action hit a high of 1.52. Here are a few clues that further catalyze the dip to its current price today.
A) Bearish Stochastic Crossover(%D fast moves below %D slow) occurred end of Oct, followed by a consistent downtrend which reached oversold levels today.
B) Bearish MACD crossover spotted as indicated directly afterwards
C) Dead Cross spotted today and price action broke below 100dma(1.44) support
D) Current support is at previous low(1.41) as indicated
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