Genting SP - Do you still fond of ?

I remembered, in 2009, everyone was talking about buying her . My friend, my mom, my sister, her friend, many others talk about buying her when she was around S$1.20. Well, I didnt get any as I feel the high brokerage and the exchange rate loss deter me from investing her. She really did climb to her high 2.33 around Nov2010. Since then she has been slowly trending lower before she caught in a SIDEWAY CHANNEL since Aug2011. And now, she is at her lower channel line again, broke slightly below the lower channel line of 1.41. She is now trading around 1.385 ~ 1.42. So, is it a good buy now ?

Well, 2 weeks back I was attending Maybank Fundamental Analysis Talk by KimEng/Winson, he did mention, buying Genting SP at 1.41 would be a good buy in terms of FA point of view. Coincidentally, TA point of view is also good. So, what do you all think ?

My take is if this support 1.385~1.42 hold, then after collecting it, one would have to patiently wait to P around 1.74 (22%). If this important support breaks, then I would wait for 1.24~1.28 for a tactical entry.

Genting SP (updated)

Things were optimistic on Wednesday closing when I pen on her during midnight. Then came Thurs & Friday 2/Sept, where the overall weekly candle change to a shooting star.

Analysis
When I zoom in to the daily candle, the Shooting star happened on 1/Sept and being confirmed on Friday where she close below the shooting star and below 20SMA and the downtrend line (red arrow line). So, in conclusion, technically, as she is on downtrend and the confirmation of bearish signal, this has increased drastically the probability she will continue her journey DOWNWARDS.

Lesson learned : Weekly candle reading should only be analyse on Friday close. Enter on the next monday if the close is higher than last week high. Hmm, so the trade becomes not viable anymore for Genting SP.

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.