GenM 21/6/2020 by Newbie Trading Channelgenm 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 PURPOSE. NO RESPONSIBILITY WILL BE TAKEN BY ANY PARTYby NewbieTradingChannel3
GENM forecastExpecting pullback before ride till 3.7...stay tuned. Expecting by Aug-Sept price will hike the bullLongby LipatMarket6
Are they chasing for dividend?After so long hit around RM 2.40 level and bounce back, suddenly came with such powerful long green candle. Are they chasing for dividend? Taken from a news "Most valuable gaming company in the region is under pressure as business is down at a time when it has a US$4.3bil (RM18.5bil) project in Las Vegas to complete." Fibonacci telling that the next resistance level could be RM 2.62 but of course, we may still need to refer back to the entire big picture to this downtrend chart where it yet to pass the FH level @ RM 2.73 Is it pushing high by Big Player? Retailer start to take position for the entitlement of dividend RM 0.05? Let's keep monitoring it and find the entry point within the squeeze on. Appreciate anyone could correct my view and provide your comment so that I can keep learning. ^_^ by lilonstitch6
GENM - Limit Down? Read HereGENM - 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 2.20by HTB_Club5
Genting MalaysiaGenting Malaysia. Candle below BB10 central line. Weak at short term. RM2.2 resistant cannot break.by JeremyTee_ws6
GENMGENM 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: 1.985by Dickson_tanUpdated 7
MACD,Rectangle higher high, lower low created expected to have a high volume today than yesterday to support the price rise continuously MACD hit on the trending price which could be a good signal to sell the securities. Well, the long position seems to be less risky than shorting. as the price is more close to support rather than resistance. The entry better price is picked a price into a closer the red support trend whereas to alleviate the risk. by siitungsing4
GENM - Level to watchLevels are marked with arrow. But I doubt price will test 2.79, its way too cheap for GENM to trade that level again. KIV on this counter by nicnyx13
GENM - Low Enough to Forge Rebound?GENM - Many may doubt whether the hard-hit stock is at the right point to go for bottom fishing. Well, based on technical, stock that's being punished below 200-days MA (crucial supporting trendline) will take some time to recover & will need strong catalysts in terms of fundamental/ news flow to do so. The bigger picture still heading down. But, is there something positive we observe now? Yes, there's potentially RSI bullish divergence in formation. However, we expect further downside is possible, which if happen shall lead to stronger & firmer formation of RSI bullish divergence. At that point, it can be considered a "Go Signal". Most possible answer is - Wait now, wait for stronger RSI divergence, wait for 2.76 again. Current support at 2.76 Strong resistance ahead at 3.25 Disclaimer: Analysis shared here is purely for educational & learning purpose, it does not induce any intention to purchase or sell. Further action or execution shall be consulted via experts. Trade at your own risk.by HTB_Club4
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. by ChinWee1
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.by oneplus126
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!by zhenyu3