Genting's short term uptrend line (started from 24/11/2020) is broken today so it is bearish for now. High chance price will eventually go lower and test rm4 support zone.

Genting is catching up with the drop in KLCI. Genting was very resilient during Monday's KLCI long red bar. Yesterday onwards Genting was doing some catching up in the KLCI downwave. If we use KLCI 24/11/2020 closing of 1578 as ballpark estimate, Genting closing price then was rm4.01. However, KLCI's downwave is predominantly caused by collapse of glove stocks.

Genting zheng kay run road liow. Handover baton to big shortie. Yesterday's low is todays high. Today's low could be tmr's high. Heng i cut with minor losses yesterday.

Posted by choysun > Jan 6, 2021 4:06 PM | Report Abuse

@AngTayKor Cut loss? So fast meh. Discount day again wor :p

Sometimes make sometimes lose. Make sure the small is small and manageable. Life to fight another day.

I hope im wrong but if this stock really kena big shortie attack (rotation to genting after successful shorting operation on glove stocks), may kena press down below rm4 support. When everyone is throwing, the shortie cover back.

I cutloss. The selling momentum is fierce and unusual.

I think kena big shortie attack

Posted by AngTayKor > Jan 4, 2021 9:51 AM | Report Abuse X

Dow may drop big over the next 2 nights. So Im waiting first.



Dow behaving according to my anticipation.

Glove stocks gameover dragging index down. Genting though stronger sector compared to gloves, cannot swim against the deep red index drop

KLCI looks bad...

Dow may drop big over the next 2 nights. So Im waiting first.

Be patient. ATK not buying yet...

This week let the shorts win, next week toast the shorts?

I bought and sold genting 3 rounds already since late october. First round most song bought below 3 sold 4.35 average. 2nd round bought 4.25 sold 4.93 average. Last round bought at 4.31 sold average 4.54. Now watching first. ...

Genting crashing today... due to extended RMCO? Heng sold last week.

Posted by jeffchan1901 > Jan 3, 2021 9:57 PM | Report Abuse

haha... better be Choysun (God of Wealth) than to be AngTeh Kor (Red Underwear).lol


God Of Wealth give out $. I wear Ang Tay Kor to receive the $. So you need to choose: You want to give out $ or receive $? So far trading this stock has been profitable for me. Thank you God Of Wealth for the blessings. Huat liow also follow God Of Wealth give out some $ to the poor.

Today poor closing. Got chance next Monday red bar. I exited my long positions earlier this week. Thank you genting for the kopi $.

Looks hopeless today. Probably the same for tmr due to long weekend.

Because they trade without the FATA 发达 system. Fundamental Analysis + Technical Analysis

KLCI kena pressed down today due to expiry of many blue chip CWs?

Trump did not sign stimulus deal. USA govt may shutdown. Becareful of global stock index weakness.

Many poorer countries n the china population depends on sinovac's vaccine. Sinovac is also one of the 3 vaccine suppliers to Singapore.

Think if brazil officially announced that, result shd be about +/- 55%. That may affect china vaccination program leading to lesser china tourists to genting's casinos.

Search cnbc. Brazil says sinovac only 50% effective rate.

Brazil says sinovac vaccine no good leh...

Christmas and New Year trading volume usually very quiet. Fund managers will go for overseas holiday but this year can go Genting resorts to check out their biz.

I bought my final accumulation batch at closing match 4.31. Was hoping will be matched at 4.30 but probably keyed in too many lots it didn't match down.

Huat ah! Dow recovered strong tonight hope klci mkt mood will be good tmr...

JBond007 Vroom, Vroom, Vroom. Everyone on board already? 23/12/2020 3:17 PM

JBond007 Yesterday at 4.31 while im doing strong accumulating, i also informed kakis here to have some courage to buy. I didn't frontrun first then scream buy. Red underwear steady or not? :)

Most volume done at 4.31. rm4.25 very difficult to get only dip below 4.30 for for couple of minutes and went back up again.

BTW tmr bursa trading hours what time? Full day?

Shiok ah... yesterday on offer price scooped up with my both hands today chiong...... now on aircon bus to huatland :)

Up 15 bids this morning. Yesterday was a press down to load by the IBs. Huge accumulation done at 4.31 n 4.32 yesterday. Now just let it rife to CNY time huat liow :)

Congrats to those who bought yesterday afternoon. Huat ah!

Today got power. Quite strong!

uptrending C84 expiring 24th.. Tomorrow last Trading day.. Exercise Price 4.30.. So tomorrow will it close @4.30 or below?

IBs are powerful.

22/12/2020 7:10 PM

FYI, CW84 last trading day is today.

Bought most of my purchases today at 4.31. Dont worry too much. High chance wont drop much from here. Primary uptrend stocks just buy the dip. Downtrend stocks sell at rebound. Simple trading strategy. Tahan a bit and wait for CNY the peak of crowd madness on gambling stocks.

Buy q at 4.31 got hit again... i go drink coffe first closing match time come back again

Posted by newbie2019 > Dec 22, 2020 4:12 PM |
tomorrow pick up at RM4? 6th day dropping will be exceptional crazy bargain for Genting

Never say never. Anything can happen in stock market.

4.90 buy buy buy. 4.80 buy buy buy. 4.60, 4.50 buy buy buy.... Now 4.30 scared??? Patience in waiting for the right moment and courage to strike it when the time comes. Remove the emotional element and just be mechanical when it comes to stock market.

Today may close at 4.30. Market makers making the CW84 worthless?

Yes there is falling knife even for blue chips. But we are in bull market now and we are buying stocks with good macro recovery story theme on the deep dip (long red bar after a series of red bars). Stock price on offer now. Have some courage and start accumulation. No need to worry too much. This trading strategy is safer than chasing stocks that have already soared high high. Im already wearing helmet and armour to pick durians. Got previous trading profits from this stock as buffer. Im using the market's money to bet again and reload.

Aiyo time to pick durians then run? Just buy and hold until CNY high chance can make some money.

Could be CW84 expiry today exercise price rm4.30 so mkt maker pressing it down to close below?

How to predict 21 jan global correction index drop 10%?

4.50 is just an round figure support number. In reality this stock trade in tandem with KLCI though the magnitude of movement is more for genting as it is a more volatile stock. Study and watch KLCI's movement also.

Many ways of looking at support levels. From my charting software, cumulative traded volume support zone from mid-nov onwards is 4.05 to 4.18. I suspect will not reach there unless KLCI puncture more. But this method of support zone is more applicable for penny stock, genting is an index stock.

Need to watch KLCI also. It closed the gap made on 8 Dec this morning. Now index is at around the support zone. See vaccine news no use now (mostly priced in already and immune to further news). See KLCI better. Trade what you see, not what you read in news articles or what you think. Opinions are often wrong but the market is always right.

If 32% fibo retracement from 2.95 to 4.98 should be around that level. I scooped up some this morning. Got strong courage because made some money from this stock recently so im risking only my past trading profits to re-bet on this stock again on deep pullback. My trading capital is safe.

Posted by Sharefisher > Dec 22, 2020 10:22 AM
Superman also said yes now. Haha ha...

Buy on dip mah... today is the deep deep dip... Patience is the key in stock trading. Courage to strike at the right moment is also another important trait

Could be a good time to start reload some....

The mkt is very complex. Many large n small snakes n dragons. Difficult to manipulate a large cap index stock for an extended period of time. Warrant issuers constantly hedge their bets n manage their positions behind the scene, not just doing it on the final few days of expiry date. So they could still make $ even if expire above the exercise price

No lah. Dont scare people. W shape bottom is in n broke out of 3 yr downtrend line. Trust the macro chart.

Sell in news