Genting Potential Complex Head and Shoulders Formation

As shown on the Metastock chart above there is a high chance of a complex head and shoulders top forming for Genting. This type of chart pattern consists of multiple shoulders with a single head or sometimes multiple heads. The double top formation represents the head of this complex pattern.

The left side of this pattern has been completed with multiple left shoulders.
The right side of this dual headed formation can have multiple shoulders or just a single shoulder. At present there is only one right shoulder.

A breakdown of the neckline support will confirm this complex formation. Initial support after this neckline breakdown can be expected at the 200 SMA. Further weakness may plummet price towards the 75 to 70 range which is the measured move from the top of the head to the neckline projected downwards.

A strong upswing above 1.22 will invalid this potential complex head and shoulders formation.