Today's price down with high volume are mainly created during the day bottom price. High volume with price stays the same is a sign of bottoming for our analysis. However, do take note that this is just a sign of price bottoming. It is not a sign of rebound yet. To catch the rebound, we will need to monitor the upcoming trading days price & volume for any sign of...
GENM Rst: 2.90 Spp: 2.72 The completion of H&S formation doesn’t necessary mean the stock will be plagued by selling pressure. Indeed, the sentiment for recovery play is slowly picking up again, shall see further play in coming weeks.
Genting Malaysia Probably forming a leading diagonal pattern. Price Could find its support at around Rm 2.720 where there is a confluence zone of 1) Up Trend Line Support of the trend line / Leading Diagonal Pattern 2) Next Demand Zone
Genting Malaysia Probably completed its down trend at RM1.830 on March 2020 low.. P/s Will Update the medium view on next chart.
GenM, monitor for h&s setup, first batch entry here with 2.79 stoploss, second batch entry is breakout entry. MYX:GENM
Due to the lock-down, with "very serious" of covid 19 climbing up cases.. Genting Malaysia's Casino and its Newly Theme Park still waiting for its post pandemic "recovery business".. Genting Malaysia Monthly maybe is forming a wedge pattern.. Possible bottom around Rm1.00
Elliott Wave Theory suggests that: Genting has probably completed its Major Correction (A-B-C) since its inception back in 2003 & is currently primed for a Wave 3 bullish impulse
Good long position if the next daily candles closes to form a higher low. Just touched the 9 ema again and in a clear uptrend.
GENM Rst: 2.78 Spp: 2.33 Candlesticks continued to form above upper BB, and even breakout from MA200 the critical resistance trendline means the stock can expect another upside wave, there’s a say gap created will always be filled up but I think not for this case, it will not always happen.
genm 21/6/2020 overall this 2.810 resistant area is a very strong resistant area, it is resisted by the downtrendline and also the support turned into resistant here, if this 2.810 area can break we can see a potential upside to 3.400-3.500 area DISCLAIMER: STOCK INVESTMENT INVOLVED SUBSTANTIAL RISK OF LOSS. MENTIONED STOCKS ARE JUST FOR RESEARCH, EDUCATIONAL...
GENM - Chance to limit down is low, this QR is highly expected and it's not consider sudden shock, ie Casino License gantung. Good spp at 2.20
Genting Malaysia. Candle below BB10 central line. Weak at short term. RM2.2 resistant cannot break.
GENM 2.18 is a crucial point. Once breakthrough, will start to form a small cup and handle pattern and strive to challenge for the next resistance. Rst: 2.315 Sppt: 1.985