Chart 1: Genting's daily chart as at Mar 5, 2010_3.50pm (Source: Quickcharts)
Below, I have appended the 60-min chart to show the same turnaround in Genting.
Chart 2: Genting's 60-min intra-day chart as at Mar 5, 2010_3.45pm (Source: Quickcharts)
If Genting (presently trading at RM6.54) is too pricey for your limited funds, you may consider Genting-CM or Genting-CN. Genting-CM has an exercise price of RM4.45; exercise ratio of 10-to-1; and expiring in June 2010. Genting-CN has an exercise price of RM3.80; exercise ratio of 4-to-1; and expiring in July 2010. Genting-CM (at RM0.215 now) is now trading at a premium of less than 1%, while Genting-CN (at RM0.685 now) is now trading at a zero premium. The other CWs are trading at premium of between 9% & 33%.
5 comments:
Dear Alex,
How far can Genting go? Is it worth for long term retirement investment? Thanks a lot.
Hi Layman,
I can't see so far in the future. I can only see that this stock has resistance at RM6.70-80, thereafter at RM7.00 & RM7.50. Please treat this as a trading BUY and do take protective stop.
Dear Alex,
Today must be a tiring day for you! We appreaciate for all your advise and analysis, you have share so far..
Wanted to thank you for all your kindness and effort for helping us..=) All the Best To You 2!
Dear Alex,
Thank you a lot for your view and info. Have a good day.
Dear Alex,
Where you learn all this TA from? seem quite GOOD!. . .take a long period?
basically how you detect some potential uptrend stock? any system u try use to help? tq
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