All investors can read for themselves the various developments with regards to the pandemic and vaccinations which are in the news on a daily basis
As such we will only focus on one aspect in this post which is GENTING's (3182) technicals / chart
A picture is worth a thousand words:
It's clear that GENTING's uptrend is intact and is in an unmistakable and unstoppable channel
1st Target: RM 6.00 (psychological resistance)
2nd Target: RM 6.50 (pre-pandemic level)
*Note: This is not a buy or sell call
** Image link here
BONUS: For the practitioners of Cycles and the students of History: -
The world moves in cycles - the seasons, economic cycle and recession (10 years), stock market cycle, property cycle, commodities cycle...
1971: Genting Highlands Opens
2021: 50 Years of History and Growth
2009: Global Financial Crisis (GFC)
2020: Covid-19 Pandemic (C19)
2009: Year of the Ox (KLCI + 44%)
2021: Year of the Ox
2010: Resorts World Sentosa (SG) opens (1yr after GFC onset)
2021: Resorts World Las Vegas (US) opens (1yr after C19 outbreak)
2009: Mar RM3.08 (low) to 2011 Nov RM11.98 (all time high)
2020: Nov RM2.95 (low) to 2022 RM ????
History always repeats itself
TLDR; WE LIKE THE STOCK GENTING (3182)
Disclaimer: The information and opinions expressed here are for educational purposes only and the contents of this report should not be considered financial advice and does not constitute a buy or sell call. Consult your investment advisor before making any investment decision.
Created by emsvsi | Jun 29, 2021
Created by emsvsi | Jun 28, 2021
Created by emsvsi | Jun 22, 2021
Created by emsvsi | Jun 19, 2021
Created by emsvsi | May 30, 2021
Created by emsvsi | May 27, 2021
emsvsi
Stock: [GENTING]: GENTING BHD
Posted by emsvsi > Jul 2, 2021 12:35 PM | Report Abuse
11 Jan 21 announcement of MCO2.0 beginning 13 Jan 21
13 Jan 21: 2985 cases
30 Jan 21: 5728 cases - Peak (~2 weeks after)
29 Mar 21: 941 cases - Bottom (~2 months after)
Additional info: -
Share Price:
25 Jan 21: RM3.83 (Low ~ 1 week before Peak cases)
18 Mar 21: RM5.53 (High ~ 1 week before Bottom cases)
Using the same MCO2.0 trend: -
1 July 21 announcement of EMCO in Selangor beginning 3 July 21
3 July 21: Begin
20 July 21: Peak
19 Sept 21: Bottom
Additional info: -
Share Price:
15 July 21: RM??? (Low ~ 1 week before Peak cases)
8 Sept 21: RM??? (High ~ 1 week before Bottom cases)
Only this time it will be different as Malaysia's vaccinations will be in full force with 70-80% fully vaccinated by end-September or early-October as confirmed by Health DG Hisham
2021-07-11 22:23