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
GENM Genm is a good investment stock. Its investment horizon is now stretched a lot further ahead while its value is probably more appealing. Those who have the stock, should hold onto it. Those who are waiting to buy, you should do so gradually. Good luck!
