Technical Analysis
Genting Analysis
By ccloh Strategic Investor Zone  •  September 12, 2018
Genting has a big correction since hitting peak at $2.08 (price adjusted for dividend) on 8th Nov 2010 and that correction took 6 years to complete hitting the bottom at $0.602 (price adjusted for dividend) on 11th Feb 2016.  Since then it has embarked on a new up cycle.  This new cycle just completed the Wave (1) at $1.367 (price adjusted for dividend) on 24th Jan 2018.  Since then it went into Wave (2) correction and still ongoing.   From the Elliott Wave count, the correction is in the final stage after completing Wave A at $0.999 on 4th Apr 2018 and Wave B at $1.312 on 15th May 2018.  Wave A consists of a 5 wave impulse while Wave B displays the typical zigzag pattern.  Wave C, the ongoing wave so far is displaying a 5 wave impulse too with ......
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By ccloh Strategic Investor Zone
Am a typical retail investor who started investing in stock market in 1993, the same length of period as SingTel was listed in SGX and ironically SingTel was my first vested stock. Back then was a passive investor and started to turn more active in stock market in 2006. A year later when I switched my engineering job to a finance related one, I became what commonly known as trader ( trade for living ) and at the same time also strongly believe in fundamental/value investing that is the way to growth wealth. In a way I classify myself as a "Strategic Investor". As a trader, I track market movement daily and as an value investor, I am always on the lookout for cheap bargain to hold for long term.
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