Do online contribution to Medisave and get $88 Ang Bao.

"For those under 65, the Basic Healthcare Sum next year will be S$54,500, up from S$52,000 previously, the authorities said." Sou...

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Genting SP: CEO pares stake.

Tuesday, September 28, 2010

Genting SP rocketed to a high of $2.18 on 20 Sep which was also the day when OBV peaked and the MFI formed a higher high.  However, all parties come to an end or at least they need a break.  Genting SP's share price has retraced to support provided by the 20dMA at $1.93.  Will this support level hold? Or will we see more downside?

That the CEO sold down his stake to the tune of 900,000 shares yesterday at $2.047 each does not inspire much confidence in investors. We could see more selling pressure in the near term.  If $1.93 gives way, I see the next support level at $1.84, give or take a cent. Strong support should be provided by the rising 50dMA which is currently at $1.60.


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