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Genting SP: Flip flop.

Thursday, September 2, 2010

As I was advising caution on Genting SP, some analysts are turning cautious on Genting SP as well, it seems.

Related post:
Genting SP: An amazing run.


Chu Yeow said...

Genting is a very erratic counter but I'm not surprised that it moved up and ended up down today after yesterday's surge. I'll look to re-enter near the short-term MA or perhaps when the technical oscillators move off overbought territory.

Are you vested in Genting?

AK71 said...

Hi Chu Yeow,

Nope, not vested in Genting SP. The uptrend is definitely very much intact. Immediate support is at $1.70.

I believe that strong support has moved up from $1.30 to $1.50 now, which is where we find the rising 20dMA as well. Of course, this needs confirmation.

Congratulations! :)

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