KLSE : GENTING (3182)High momentum signal spotted. Looking good with increasing volume and momentum.
Next report date
Report period
Q1 2024
EPS estimate
—
Revenue estimate
—
0.26USD
203.70 MUSD
5.94 BUSD
About GENTING BHD
Sector
Industry
CEO
Kok Thay Lim
Website
Headquarters
Kuala Lumpur
Employees (FY)
54 K
Founded
1965
FIGI
BBG000BCNMJ6
Genting Bhd. is an investment holding and management company, which engages in leisure, hospitality, gaming, and entertainment services. It operates through the following segments: Leisure and Hospitality, Plantation, Power, Property, Oil and Gas, and Investments and Others. The Leisure and Hospitality segment includes gaming, hotels, food and beverages, theme parks, retail, entertainment and attractions, tours and travel related services, development and operation of integrated resorts, and other support services. The Plantation segment is involved in oil palm plantations, palm oil milling, and related activities. The Power segment focuses on generation and supplies of electric power. The Property segment refers to property development activities and property investment. The Oil and Gas segment consists of exploration, development, and production activities. The Investments and Others segment refers to the investment and interest income from financial assets. The company was founded by Goh Tong Lim in 1965 and is headquartered in Kuala Lumpur, Malaysia.
3 Reasons Why Genting is on an uptrend movementSign of Strength in the chart:
1. High volume with change of trend
2. Reaaccumulation stage
3. Shakeout completed
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
GENTING IN HARMONIC PATTERNGENTING spotted in bearish bat harmonic pattern inside a bullish flag formation. Potential swing trade can be taken from fibo886 to fibo886 extension as per the proposed trade plan. The CL is below a monthly pivot (not shown).
Long term bullish on economy recoveryGENTING to test on 5.54 after rebounding on the bottom parallel channel and breakthrough 5.21 resitance.
RSI has to rebound on 50.
GENTING - Healthy ConsolidationGENTING
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, recovery theme and trade setupGenting, one of the recovery theme counter. Monitor for head & shoulder setup.
Either you buy on breakout, or allocate a portion of fund for better R:R entry: near 4.75-4.9 (with stoploss of 4.74).
MYX:GENTING
GENTING - Building New GroundGENTING
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.
3 Malaysia Stocks to Ride the Recovery ThemeAs the funds being rotated out from the technology sector MYX:TECHNOLOGY , recovery theme stocks in Malaysia has outperformed the market. In fact, it is possible that the recovery theme rally has entered into Wyckoff phase E, which is the marking up phase where the momentum move begins.
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