Genting Singapore PLC... Let's gamble!

I was looking through my chart and spot some interesting pattern formation on local hot favorite casino counter: Genting Singapore!! Recently, this counter has been losing steam against the STI index (i.e. under-performing). For those who bought last Nov, they will be sitting on a loss of ~18%... Let's zoom down to the chart!

At one look, the price is now below the long term moving average and starts to trend down. Since last year September 2010, price has been consolidating between the range 1.88 - 2.20. Supposedly price breaks the support (1.85 - 1.90), we could expect price to fall to 1.50. In technical analysis, this represents the breakdown of rectangular consolidation. For more information, please refer to this link: http://www.chartpatterns.com/rectanglecharts.htm

Watch 1.50 - 1.55* level for this counter.
This level represents the confluence of  half round number, classical rectangular pattern projection level, gap support from 16th Aug, Fibonacci ratio of 50-61.8%

* Note: support level represent a zone! There is no such thing as an absolute number for S/R.