Genting Sing    Last:0.605    -0.015

GenSp starts to move up again

Is your fantasy based on any chart factor?

 

Be extra careful, this not the time to short this counter at current levels. 

 

I plan to buy at 50c 

iPunter      ( Date: 05-May-2010 09:41) Posted: If the downtrend continues, this counter may even go below .835... Perhaps to .75... or lower... Laulan      ( Date: 05-May-2010 09:11) Posted: May hit 87.5 today before any rebound. Will queue 88 cents 10 lots.

 

Many are 'buying on the dips'...

or averaging down (ie. buy even more)...

So how can one say it is 'obviously bearish' ?...

prince      ( Date: 05-May-2010 09:38) Posted: SORRY, wrong thread.    prince      ( Date: 05-May-2010 09:35) Posted: Wow, today there are lots of market cooments.  It is so obvious it is bearish; no need to inform lah.  Have to sift back to see who are the ones who made bearish comment when STI around 3000 level.

 

If the downtrend continues, this counter may even go below .835...

Perhaps to .75...

or lower...

Laulan      ( Date: 05-May-2010 09:11) Posted: May hit 87.5 today before any rebound. Will queue 88 cents 10 lots.

 

SORRY, wrong thread.   

prince      ( Date: 05-May-2010 09:35) Posted: Wow, today there are lots of market cooments.  It is so obvious it is bearish; no need to inform lah.  Have to sift back to see who are the ones who made bearish comment when STI around 3000 level.

 

Wow, today there are lots of market cooments.  It is so obvious it is bearish; no need to inform lah.  Have to sift back to see who are the ones who made bearish comment when STI around 3000 level. 

 

I will buy at $0.835 lol

Laulan      ( Date: 05-May-2010 09:11) Posted: May hit 87.5 today before any rebound. Will queue 88 cents 10 lots.

 

From the chart given by Boyi below, it is a bit tricky.  In the next few days, the MA-14 would cross over the longer one at MA-25 as price steadies or move higher around 88 and above.  Also quite interesting to note the higher vol at B in the chart.  So the counter can actually move either fast up or fast down.  I still think anything below 90 is a good buy for now and has a good chance for coffee moeny.

 

Margins calling or else force selling by financial instituitions

.With vol. of more than 250 million plus last week,if you can't

pick up the shares, forced selling lol. My tot,more share px

droping on the way. 

 

 

In the end, chart patterns still rule the day...

For it is only in the chart that a 'pattern breakdown' is revealed,

Thus, don't throw away the chart...  

 

May hit 87.5 today before any rebound. Will queue 88 cents 10 lots.

 

Whether TA/FA, Market sentiment is the Master that can over-rule all these. It is the instant pulse that determines the market movement. 

iPunter      ( Date: 05-May-2010 09:05) Posted: This is a classic case of a chart pattern breakdown... Thus, much as I subscribe to chart-reading, I always respect the market beast... who always have the last say... This one is heading for the valley of the dogs!... hehehe...

 

you are always correct

iPunter      ( Date: 05-May-2010 09:05) Posted: This is a classic case of a chart pattern breakdown... Thus, much as I subscribe to chart-reading, I always respect the market beast... who always have the last say... This one is heading for the valley of the dogs!... hehehe...

 

This is a classic case of a chart pattern breakdown...

Thus, much as I subscribe to chart-reading,

I always respect the market beast... who always have the last say...


This one is heading for the valley of the dogs!...

hehehe...

 

 I assume that this current correction from the peak of 1.32 till now is wave 4, which looks more like a zig-zag to me instead of a flat.

For this present wave 4, it is more likely to be either a triangle or zig-zag. This is because wave 2 (17 Dec 08 to 3 Feb 09) was already a flat.

(Another possible scenerio would be for wave 4 being a triangle from 22 Sep 09 to 15 Dec 09, bringing the peak of 1.32 to be the end of wave 5.)

boyikao3      ( Date: 04-May-2010 21:59) Posted: Sorry my typo. I mean flat correction according to chart, where A=B=C, more or less. DnApeh      ( Date: 04-May-2010 21:48) Posted: If zig-zag, distance travelled by C= distance travelled by A

 

Sorry my typo. I mean flat correction according to chart, where A=B=C, more or less.

DnApeh      ( Date: 04-May-2010 21:48) Posted: If zig-zag, distance travelled by C= distance travelled by A. boyikao3      ( Date: 04-May-2010 21:32) Posted: Looks like Genting has hit (C) of B. Faster than wat I expect it. But minimum Fibbo relationship has been achieved A=B if this is a flat correction. If tat's the case, get ready for 5 waves C down...

 

If zig-zag, distance travelled by C= distance travelled by A.

boyikao3      ( Date: 04-May-2010 21:32) Posted: Looks like Genting has hit (C) of B. Faster than wat I expect it. But minimum Fibbo relationship has been achieved A=B if this is a flat correction. If tat's the case, get ready for 5 waves C down... God_of_War      ( Date: 30-Apr-2010 21:49) Posted: Another mermaid in making............

 

Going by the chart pattern, GentingSp is due for another upward spurt (surge) before descending to the valley of the dogs..

But in view of the market's scary performance today, that may not be the case... 

In other words, the chart pattern may collapse and fail to carry through...

 

Looks like Genting has hit (C) of B. Faster than wat I expect it. But minimum Fibbo relationship has been achieved A=B if this is a flat correction. If tat's the case, get ready for 5 waves C down...

God_of_War      ( Date: 30-Apr-2010 21:49) Posted: Another mermaid in making............. boyikao3      ( Date: 30-Apr-2010 21:05) Posted: