Gen Int, we called at $0.605 for a potential test of 6Feb's high of $0.67... however, it looks less and less likely to reach.... so Sell
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Friday, April 24, 2009
Genting less likely to get higher......
Gen Int, we called at $0.605 for a potential test of 6Feb's high of $0.67... however, it looks less and less likely to reach.... so Sell
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2 comments:
Hey,
I practice TA myself. Need some advice.
My position is currently on the sell side for Genting on CFD.
Reason Being:
1) saw a report by ocbc written in feb or jan that their fair value is 0.33 per share.
2) I saw that resistance is at 62 - 63 cents.
3) MACD has now crossed down on my chart. (I jumped the gun selling before the crossing =x)
4) Volume these few days has been low and even when the stock went higher, volumes dropped.
My only concern now is, why ain't the stock dropping? Are people accumulating? Do you think i'm in the right position? explain...i'd like to hear your view point.
Best Regards,
James
oh ya, that comment was meant for your previous TA CHART on genting...i think the title was GENTING HTF. somewhere along that line.
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