Things were optimistic on Wednesday closing when I pen on her during midnight. Then came Thurs & Friday 2/Sept, where the overall weekly candle change to a shooting star.
Analysis
When I zoom in to the daily candle, the Shooting star happened on 1/Sept and being confirmed on Friday where she close below the shooting star and below 20SMA and the downtrend line (red arrow line). So, in conclusion, technically, as she is on downtrend and the confirmation of bearish signal, this has increased drastically the probability she will continue her journey DOWNWARDS.
Lesson learned : Weekly candle reading should only be analyse on Friday close. Enter on the next monday if the close is higher than last week high. Hmm, so the trade becomes not viable anymore for Genting SP.
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