This is a follow-up to the top-rated Part 1 (published 11 July 2021) which you can view here.

Like the previous post, this will be straight forward and focuses only on GENTING's (3182) technicals / chart

A picture is worth a thousand words:

** Image link here

It is clear that GENTING's uptrend is intact and is in an unmistakable and unstoppable price channel

In addition, the share price respects the EMA200 line (twice tested) and the MA200 line

The Bear Trap that occurred on 14 July 21 was with climactic volume leading to supply exhaustion

The MACD Golden Cross is set to occur in the immediate term

The convergence of the long-term moving averages and price channel has set the stage for GENTING's multi-year supercycle superbull run

Near-term targets (1-2 months): -

1st Target: RM 6.00 (psychological resistance)

2nd Target: RM 6.50 (pre-pandemic level)

*Note: THIS IS NOT A BUY OR SELL CALL 

BONUS: -

History always repeats itself