A long wait but it maybe worth it.
As mentioned on 12 May 2012, from a positioning perspective, i waiting for 1.32-1.38 or 1.19-1.27.
Finally, as of 28 Jun 2012, Genting reached a day low of 1.380.
Using the 1-hourly chart of Genting Singapore as a possible indicator, I guess I may be looking out for a bullish MACD crossover. I guess now it is wait to see what would happen within the next few trading day.
...
any update on on your observation after past few trading days?
hi henry,
apologies for the late reply. On hindsight, on 29 Jun 1100 hours, there is a crossover. if we zoom into half hourly chart, the crossover is at 1030 hours.
Pls refer to the attached.
https://picasaweb.google.com/data/feed/base/user/116557220607822134779/albumid/5763181367674199009?alt=rss&kind=photo&hl=en_US
Hi henry,
First and foremost, please accept my sincere apologies for late reply
Secondly, on hindsight, on 29 Jun 2012 1100 hours, there is a MACD (bullish) crossover on the hourly chart. if using a 30-mins chart, it is around 1030 hours, back then, Genting is ranging between 1.385 – 1.395. By 2 July 1300 hours, there is MACD (bearish) crossover. Back then it is ranging between 1.410 – 1.415
From 29 Jun till 9 July, it has been range bounded between 1.380 – 1.425.
Thirdly, I think trading is not an easy, one needs to be prudent…and understand that we are discussing about the odds or probability. Of course, that’s my personal views and opinions.
Whether it is going to break-down or break-out, we may know the results soon….
Having a good investment or trading (depend on your style)
Hi Ivory,
What is the upside price potential for longterm investor ie 2yrs or more?
Thks
Hi Ivor
What is the upside price potential for longterm investor ie 2yrs or more?
Thks
Hi Henry,
Please refer to http://xmarketinfo.blogspot.sg/.
As much as i would like to give a upside price potential,i am not able to do so. Because the truth is that we do not know what are the possible information that may affect the share price. Thus i have highlighted what are the possible levels 2 years later, the upside and the downside.
What is the latest update/observation?
Hi Henry,
You may want to refer to http://xmarketinfo.blogspot.sg/. I have updated Genting Singapore on my blog.