Thursday 1 September 2011

Genting SP

Quite a number of Malaysian (the young & old) really interested in Genting SP when the Resorts World first started to get approval from Spore Gov to build her casino there. Why they interested ? Hmm....confirmlah...our Genting in Malaysia, everyone know this company mah......When one is to really consider to invest in
a company, he or she need to know what the company is doing , right ? So, choosing Genting is easy for auntie and uncle lor.... who dont know who is Uncle Lim wor....

Lets do some analysis on this stock, when everyone is interested on her way back in 2009, she shoot up to her peak on 9/Nov/2010 at 2.34, then is started to drop a bit here and there before she accelerate downwards from 27/Apr/2011. And now she has it lowest at 1.49 last week. Hmmm...seems like she has started rebound. From the weekly chart , she has form a Morning star , a good bullish sign but the volume is so so. So, to trade for a small profit should enter around 1.70 and take profit around 1.80. Not a good trade if you ask me but as long as profit, the results is important. Note I say trade, not invest. Later I will put some definition between punt, trade & invest.


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