Genting Malaysia - A possible focus of 2019? Genting Malaysia, another KLCI that drop more than 50% since year 2018.
It have its first rebound on Dec 2018, and it had retest at 0.382 Fibonacci, could it be the focus of next half year 2019?
Lets go to have a breeze & starbucks @ Genting Malaysia.
*Disclaimer - This analysis is NOT a buy call Before you enter any trade in the financial market, it is very important that you have proper trading plan and risk management approaches.
GENM trade ideas
GENM could be the gem which might catch your attention in 2019Genting Malaysia is the one and only listed company in Bursa Malaysia has the casino license.
It has been dropping from the peak for more than 50%
If we are looking from Elliott Waves of view , it has a good chance that the stock has already reached it bottom.
And Wave 1 has already been completed from 2.7 to 3.5
Currently we could expect that wave 2 retracement has also been done when it reached the 0.382 support and rebound on last friday
Consequently if there is still wave 3 4 5 for the stock the price has a high chance that it will surge to at least 4.00 or above in mid term wise.
Solely for education purpose without any buy or sell recommendation.
TradeVSA Stock Review - Dayang & Genting MalaysiaDayang
1. Resistance with ND and UT
2. Price back to support
Genting Malaysia
1. Accmulation
2. Resistance at gap down
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock