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What I could say is that it is not always able to buy Genting below RM5, this pandemic is creating an opportunity which not usually exist since it established more than 50 yrs ago. My personal opinion Genting shall reach RM6 before end Oct 2021. Anyhow, as always investment is own discretion and responsibility to do study their own.
No right no wrong. Based on technical analysis, short term trader try to earn money in volatile market. Mid and long term investors invest based on value investment. Market volatility create buying opportunity to everyone. In my opinion, Genting is not suitable for short term trader due to sideway trend and low volatility now. Strong resistance at RM5.0. Advisable short term trader join Genting back if RM5.10 resistance is break in April/May. Next resistance at RM6.90. Happy investing. cheers.
Is good if you know to see technical chart but day chart is based on historical data which is yesterday closing, live chart only will be able to see what is going to happen today or tomorrow as it is reflecting current latest buy and selling transaction. Short term trading like Emma doesn't means wrong but only long term investors able to maximise the full recovery of share price.
@ Kyory Lau Please advice me what index Bro is using for golden cross. Base on long(200 days) and short (50 days) in MA cross, golden cross already formed for Genting. This is good up trend sign as we witness first golden cross for Genting stock since 2018. Hopefully, this mark worst already over for Genting.
Yes Tan.. standard SMA is 50 day above 200 days and all line heading upwards.. mine setting is a bit different as mine reflecting more faster price changes.. no right wrong depend what your setting.. cheers
Thanks Kyory Lau for your great advice. Hopefully, base on technical chart, first golden cross for Genting since 2018, mark the uptrend direction from now on.
@ CW Lim As value investor, technical chart also guide us a good time to enter market especially during RSI oversold (same timing Uncle Kee encourage all to sell). Reason holding is because all of us understand the potential and growth of Genting deeply. Happy investing. Cheers.
i was being misleading by chart before, if got sudden bad or good news happened , any ressistence or support can break thru easily... therefore now i only use Sixth sense to invest wakaka
Uncle still wanna said all these how much can make why not just buy the shares we all make money together...:) Now make how much not important.. next year make how much more important