Genting Sing    Last:0.715    +0.005

GenSp starts to move up again

hmm.. So quiet today?

 

Becarefull

MORNING NOTE from Phillip Securities Research
Tuesday, 25 August 2009
Technical
We have textbook Elliott Wave sequences unfolding in the STI and Dollar Index. Going into the seasonally weak
September-October period, if we see the end of the wave sequence via a top in the STI and bottom in the Dollar,
the odds of a sizeable correction are high.
Source Phillip Securities Research Pte Ltd
Company Highlights

 

Depending on how the market is going to trade today.  Macd has steadied above the signal line thus giving a bullish signal while the candlesticks readings are also bullish.  Volume has increased much.  May even move up above the $1.00 mark.  If you are a TA, you should use confirmation of various signals before making a judgement.  Of course the market can move both ways and then any side will say they are correct.  If you are FA, then you are going in for increased accumulation.  If you are an opportunist trader, you buy when it is hot and sell for a clean profit.  Otherwise you sell high and buy back lower.  Trading is fun!

 

AK opines that d spike will form when Casino licence announced. Just my view, no calling.

 

Looks like majority still happily waiting for genting to hit $1.00.

 

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

 

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

DnApeh      ( Date: 24-Aug-2009 22:34) Posted: Current high not formed yet. Still too early to say got bearish divergence. I feel that for meaningful comparison, May's high should be used to compare against current high. Not vested. richtan      ( Date: 24-Aug-2009 18:58) Posted: Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

 

Current high not formed yet. Still too early to say got bearish divergence.

I feel that for meaningful comparison, May's high should be used to compare against current high.

Not vested.

richtan      ( Date: 24-Aug-2009 18:58) Posted: Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

 

I strongly believed touching 0.97 - 0.98 will trigger the correction. 0.925 - 0.93 will be the support point. 

dealer0168      ( Date: 24-Aug-2009 22:18) Posted: Hi richTan, ok thanks for the explaining. Actually Genting SP up quite alot already. Correction is expected actually. But jus curious how far Genting SP can go b4 correction takes place. richtan      ( Date: 24-Aug-2009 22:01) Posted: Hi dealer0168, Bearish divergence means though the prices formed 2 or more higher peaks but the other indicators show otherwise, ie more or less a warning sign tat corrections coming soon, when ??, nobody knows.

 

Hi richTan, ok thanks for the explaining.

Actually Genting SP up quite alot already. Correction is expected actually. But jus curious how far Genting SP can go b4 correction takes place.

richtan      ( Date: 24-Aug-2009 22:01) Posted: Hi dealer0168, Bearish divergence means though the prices formed 2 or more higher peaks but the other indicators show otherwise, ie more or less a warning sign tat corrections coming soon, when ??, nobody knows. dealer0168      ( Date: 24-Aug-2009 19:02) Posted: Emm richTan , u mean Genting positive divergence upwards may end soon as per yr TA analysis....

 

Hi dealer0168,

Bearish divergence means though the prices formed 2 or more higher peaks but the other indicators show otherwise, ie more or less a warning sign tat corrections coming soon, when ??, nobody knows.

dealer0168      ( Date: 24-Aug-2009 19:02) Posted: Emm richTan , u mean Genting positive divergence upwards may end soon as per yr TA analysis..... richtan      ( Date: 24-Aug-2009 18:58) Posted: Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

 

Emm richTan , u mean Genting positive divergence upwards may end soon as per yr TA analysis.....

richtan      ( Date: 24-Aug-2009 18:58) Posted: Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

 

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

 

let's see we could see UBS has completed their accumulation tomorrow so that all the BBs are align to the same direction.

 

Failed to clear the road block @ 95c ... sigh....

 

congrats to those who

1) Buy Today

2) Hold

Your on the buyer side = Winner Side :)

 

happy ?

JJSeng      ( Date: 24-Aug-2009 17:05) Posted: Wah! last minute appox 12k buy up.

 

Wah! last minute appox 12k buy up.

 

yah . agreed. once they have finished accumulation it will soar...

keepnosecrets      ( Date: 24-Aug-2009 16:24) Posted: I think now is accumulation by big bbs.  Distribution only beyond 1.10 ot  1.20 and then could spring up again to test the upper levels.

 

I think now is accumulation by big bbs.  Distribution only beyond 1.10 ot  1.20 and then could spring up again to test the upper levels.