Genting SP

Update for Genting SP  10 May 2014 - Genting Sing is still looking good to trend higher as reflected from TA point of view. All 3 indicators are still pointing upwards which is rather positive. Breaking out of $1.35 with good volume that may see it rises towards $1.405 soon(trade base on your own decison)

Update for Genting SP  22 Apr 2014 - Genting Sing has a nice breakout today at $1.345 and closed higher at $1.35. This is rather bullish. Volume is also quite high which indicates more people are buying. All 3 indicators are pointing upwards which is rather positive. Short term more likely to head higher towards $1.375 then $1.40 soon.(trade base on your own decision)

Update for Genting SP  13 Apr 2014 - Genting is holding up well above $1.30 price level. All 3 indicators are pointing upwards which is rather positive. Short term more likely to move up to test $1.345. Breaking out of $1.345 with good volume that may propel the share prices to head higher towards $1.375 then $1.40.(trade base on your own decision)

 Update for Genting SP  29 Mar 2014 - Genting seems to have bounced off from the low of $1.30 on 25 Mar had had since risen up to $1.33 on 28 Mar. Volume is also quite high which is generally healthy and may likely to support the share prices of heading higher towards $1.36. All 3 indicators are pointing upwards which is rather positive. Breaking out of $1.36 with good volume may see it risen up towards $1.40 .(trade base on your own decision)

Update for Genting SP  12 Mar 2014 - Genting is holding up well above $1.32 this is generally healthy. All 3 indicators such as MACd,RSI & stochastic are turning upwards which is rather positive. Immediate task is to see if it is able to breakout $1.36 with good volume that may help to drive the share prices higher towards $1.405 then $1.435.(Trade base on your own decision)

Update for Genting SP  5 Mar 2014 - Genting is hovering between $1.32 to $1.37. RSI  is showing sign of turning upwards which may lend support for supporting the share prices from going down. $1.32 seems to be the immediate support level. It will need to breakout $1.36 with good volume in order to reverse this downtrend and move up.(trade base on your own decision)

Update for Genting SP  2 Mar 2014 - Genting is rather bearish as reflected from TA point of view. Stochastis is showing sign of being oversold. It will need to move up to fill up the falling gap at $1.39 in order to reverse this downtrend and move up.
( trade base on your own decision) 

Update for Genting SP  7th Feb 2014 - Genting today has managed to breakout $1.375 with high volume and closed well at $1.39. This is rather bullish. This has triggered the reversal pattern and is more likely to continue to trend higher towards $1.50 then $1.60. All 3 indicators are also showing sign of turning upwards which is quite positive .
(trade base on your own decision)

Update for Genting SP 31st Jan 2014  - Happy Chinese New Year To All!
Genting SP is looking super bearish from TA point on view. It has experienced several gap down and closed at $1.38 on 30th Jan which is rather negative. Short term it may continue to go down to test $1.30. Is better to wait for reversal signal if you are thinking to buy.
(trade base on your own decision)

Update for Genting SP 20th Jan 2014 - Genting seems to be drifting lower and lower each day. It is currently hover between $1.43 to $1.51. It will need a convincing push above $1.51 in order to go higher. Presently all 3 indicators are pointing downwards which does not bode well for the prices to move up. It may go down to test $1.43. 
Sometime it may surprise you as this counter use to run up during CNY period.
(trade base on your own decision) 

Update for Genting SP 10th Jan 2014 - Genting is trying hard to breakout $1.51 on two occassion but was not able to do so. Chart-wise still looking good with both the MACD & RSI are still showing sign of turning upwards. It may re-attempt to test $1.51 soon. Breaking out of $1.51 with good volume that may drive the share prices higher to $1.55 then $1.60
(trade base on your own decision)

 

Update for Genting SP 3rd Jan 2014 - Genting Sp is still looking good to move up further. Both MACD & Stochastic are still on a uptrend mode.First signal will be waiting for it to clear the immediately resistance at $1.50. Breaking out of $1.50 with good volume may see it move up to $1.55.
(trade base on your own decision)

Hair Loss No More

Update for Genting SP 20th Dec 13 - Genting Sp has been hovering between $1.425 - $1.465. It will need to cross over $1.485 with good volume in order for it to rise to $1.50 and above.

Looking good to conquer $1.55 anytime soon. Both MACD & RSI is on the rising trend. Breaking out of $1.55 with strong volume will be moving up to $1.60.

 ( trade base on your own decision)

Genting Singapore (GS) reported 3Q13 earnings (attributable to shareholders) of S$193.0m, versus our S$190m forecast, as both gaming and non-gaming segments performed better. Going forward, management has turned slightly more positive, as compared to the previous quarter, after seeing a better spread of VIP customers coming from SE Asia and not just China. It is also seriously exploring gaming and non-gaming opportunities in the region; and expects to announce something in the next 12 months. In line with the continued margin improvement, we up our DCF-based fair value from S$1.41 to S$1.47. But given the limited upside, we maintain our HOLD rating and would be buyers closer to S$1.40. quote from (Carey Wong Ocbc Research)
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