They chose financial independence over home ownership.

This is somewhat extreme but watch how this Canadian couple chose financial independence over home ownership.  They are in their 30s and,...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.


"E-book" by AK

Second "e-book".

Another free "e-book".

Pageviews since Dec'09


Recent Comments

ASSI's Guest bloggers

Genting SP: A strong rebound.

Friday, October 1, 2010

Together with the STI's stellar performance, Genting SP staged a strong rebound.  The MACD histogram turned green, a buy signal but the rise in price was not accompanied by heavy volume.  This suggests that price rebounded on short covering and that it rose because of a lack of sellers and not because of an abundance of buyers.

This rebound was probably a good chance for bulls to reduce exposure. Personally, I feel that a resumption of a downward movement towards the 50dMA is likely and that further upside could be capped by the 38.2% Fibo line at $2.05. However, with an upgrade by OCBC, I wonder which way it would go.  It is a grand tug of war between research houses.


Monthly Popular Posts

Bloggy Award