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...
GENTING to test on 5.54 after rebounding on the bottom parallel channel and breakthrough 5.21 resitance. RSI has to rebound on 50.
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.
GENTING Theme: Recovery Rst: 5.50 Spp: 5.05 Healthy consolidation above Fibo Ext 100%, Bollinger Band slowly widening as well, will observe the completion of RB formation soon.
GENTING Theme: Recovery Rst: 5.70 Spp: 5.05 Trying to form new support at Fibo Ext 100%, at current stage, the tendency to continue straight upside is low. The stock likely to swing around MA50 trendline first before unlocking further upside.
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
Prices are facing bearish pressure from our resistance where we could see a p pullback to test our support level at 0.860. Overall trend is still bullish for me as long as prices holds above the ascending trend line though I do caution the limited upside as prices are near our graphical swing high resistance on the daily time frame.
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
Business Overview: Genting Berhad is principally an investment holding and management company. The Group is involved in leisure and hospitality, oil palm plantations, power generation, oil and gas, property development, life sciences and biotechnology activities, with operations spanning across the globe, including in Malaysia (the Group’s country of origin),...
These are the key levels for me on Genting, overall direction is bullish for me but prices are currently testing a key resistance area where we could see a pullback here. Love to hear your thoughts on this!
Price is facing bearish pressure where we could see a reversal below this level.
Price is reaching our support in line with our trend line, 78.6% retracement and 61.8% extension where we could see a bounce above this level.
STOCK IN FOCUS: GENTING SING As the pandemic situation continues, tourism-related companies are greatly affected. Travel advisories, bans and even country lock-downs see a stark drop in local and tourist traffic, and revenue for the retail and hospitality sector. Genting Singapore PLC had been involved in the development, and currently operating 2 Integrated...