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Genting Thereotical Opening Price (TOP) see at RM4.03 and GenM RM2.41.. anyone know what time the announcement? 10 to 15 minutes before announcement in might be good chance..
If no MCO then is good price to enter.. as selling volume not like last Friday excess for than one time.. buying seem coming back.. see 11am and 3pm and 4:30pm which is most active trading hours
Even Genting sell down is almost done but entire market sentiments don't seem good ya cos last Friday even up 30 points mainly due to glove push but overall market drop stocks are far over then up while US, Europe, Japan, HK and China are at high.. so may have correction in coming weeks... any drop in Index also will lead to drop in Genting and GenM as both are index link stocks too.. banking stocks mostly lower today
Coming... lose a chance dim.. too greedy.. hahaa.. RM3.94 just now RSI at 35 already.. 30 only consider touch oversold.. may have technical rebound since have drop for 3 days in a row last week..
It will be worse if no MCO now. Covid19 cases will not be down. Genting will be long time poor business with cannot cross state or district. Ppl continue worry about covid19 until 60 or 70% of Malaysian vaccinated which at least until 3rd quarter. If MCO today, then at least it will short term down, after that slowly uptrend.