Chinese leisure and tourism business are feeling the bite of the Country's zero tolerance for covid-19 as cities with concerns over the virus have close entertainment venues, restrict tourism or delay cultural events. A total of 484 dosmetically transmitted cases with confirmed symptoms were reported from Oct 15- Oct 31 , mostly in the north of China. Many of the infections were contributed from tourist who traveled across multiple regions thus complicating and prolonging contect-tracing efforts. Gross domestic product in July-September grew at the slowest in a year , partly dure to an outbreak over summer that affected over 40 cities.
- Covid 19 continues to rear its ugly head , putting China's economy growth into a standstill
- Tourism sectors continue to suffers due to Covid-19 restrictions implemented by China
- Many local infections found in the north and northwest part of China could be traced back to a source of virus bought in from overseas.
- China's zero tolerance policy is harming its country tourism industry with constant lockdowns
China economy has been taking hit after hit with evergande saga, crackdowns on technology companies and now covid lockdowns. If you are a short term investor, you might be weary of China's market right now. However if you are looking of long term investing opportunites, now might be the best time to look for weakness in the market.
$Genting Sing(G13.SG)$
If you wish to leverage on this , consider using DLCs
5x short $Genting 5xShortSG220328(DQOW.SG)$
5x long $Genting 5xLongSG230420(DUBW.SG)$

Hi guys. I’m looking to short $Genting Sing(G13.SG)$ 
 ‌Price is at a resistance and stochastic is showing a downtrend. Personally think that it will retrace back to the next support level at 0.765 which is the 38.2% Fibonacci retracement area before its next movement. Do let me know what you guys think. 
Entry: 0.785‌
Take profit: 0.765‌
Stop loss: 0.800‌
$Genting 5xShortSG220328(DQOW.SG)$ 
$Genting 5xLongSG230420(DUBW.SG)$

What do you guys think about Genting ?
Hey guys ! I am curious about what you guys think about the $Genting Sing(G13.SG)$ I personally feel it is has a more potential for an upwards trend due to the existing ascending trendline and the fact that price is still comfortably above the ichimoku! I'm looking to get in at 0.790 and taking profit at 0.820. My stop loss will be at 0.780. Might play out in the next few hours.
Potential Buy Entry @ 0.790
Potential Take Profit @ 0.820
Potential Stop Loss @ 0.780
If you wish to use leverage on this, you can consider using $Genting 5xLongSG230420(DUBW.SG)$