Today Genting re-tested its support at $1.14 and closed higher at $1.15 with low volume of 54.9 million shares traded.
A white candle stick with little lower shadow and low volume indicated that the current interest in this counter is small.
Both RSI & MACD are bullish with RSI already at oversold region.
Important Resistance of Genting: $1.16
Immediate Support of Genting: $1.14
We expect profit taking for Genting very soon since this counter is
already in oversold region and moreover the candle stick from past 2
trading day displayed with long upper/lower shadow at resistance.
Therefore we do not advise to enter this counter now and wait for
pullback till at least the prices are at the centre of the trading
channel.
If vested, we would monitor to see the technical/ Fibonacci 38.2%
support at $1.14 can hold. Once broken, investors may choose to take
profit depending on individual profiles.
Today Genting re-tested its support at $1.14 and closed higher at $1.15 with low volume of 54.9 million shares traded.
A white candle stick with little lower shadow and low volume indicated that the current interest in this counter is small.
Both RSI & MACD are bullish with RSI already at oversold region.
Important Resistance of Genting: $1.16
Immediate Support of Genting: $1.14
We expect profit taking for Genting very soon since this counter is
already in oversold region and moreover the candle stick from past 2
trading day displayed with long upper/lower shadow at resistance.
Therefore we do not advise to enter this counter now and wait for
pullback till at least the prices are at the centre of the trading
channel.
If vested, we would monitor to see the technical/ Fibonacci 38.2%
support at $1.14 can hold. Once broken, investors may choose to take
profit depending on individual profiles.
hmm... saw a news, now daily average visitor is 25k for MBS...
expect
to hit annual revenue of 1B USD.
Genting SP, even got Universal Studio, i doubt revenue can double or triple of MBS.
This might pull people back to reality
from dream that fair value of 1.3 or higher. Number of share is too diluted here... Unless Genting SP focusing on share buyback later... with profits...
But then, now is the free run timing, price can go whatever direction, just purely due to faith of the buyer... observing high faith now...
AnthonyTan ( Date: 23-Jun-2010 14:59) Posted:
Do you forsee any effect on Genting Sp. px.
I don't think there r any connection whatsoever.
niuyear ( Date: 23-Jun-2010 14:51) Posted:
MBS is opening officially tomorrow. See if the price could move to higher.
If watching stock market very boring, can go to MBS 5.30pm today , see the 21 spider men/women climbers scale the glass facades of integrated resort Marina Bay Sands' three 200m-tall towers to reach the Sands SkyPark, in the World Championship Climb.
I doubt those that purchase recently, hold it till that time... fear grow day by day, if outlook continue to stagnant/ indecisive....
AK_Francis ( Date: 22-Jun-2010 16:28) Posted:
After 4pm, STI remains slight red, EU opens slight as well.
Gent tug-of- bt 115 n 116, not a bad sign.
Ha ha about div: Most FY NP/LAT see red, less 06.
06- +S$69mil- most people use profit fr hot stock market then to relax in d casinos, world wide mah.
07- -381mil
08- -124mil
09- -277mil
1Q10- -396mil, first q alrdy lost that much, though claiming most part of it fr impariment on UK ops of 478mil. Indirectly RWS got profit lah, to balance the report book loh.
2Q10 is coming, again RWS sure make money, but not sure those at EU, Aus, Msian n Phi?
I doubt those that purchase recently, hold it till that time... fear grow day by day, if outlook continue to stagnant/ indecisive....
AK_Francis ( Date: 22-Jun-2010 16:28) Posted:
After 4pm, STI remains slight red, EU opens slight as well.
Gent tug-of- bt 115 n 116, not a bad sign.
Ha ha about div: Most FY NP/LAT see red, less 06.
06- +S$69mil- most people use profit fr hot stock market then to relax in d casinos, world wide mah.
07- -381mil
08- -124mil
09- -277mil
1Q10- -396mil, first q alrdy lost that much, though claiming most part of it fr impariment on UK ops of 478mil. Indirectly RWS got profit lah, to balance the report book loh.
2Q10 is coming, again RWS sure make money, but not sure those at EU, Aus, Msian n Phi?