Tuesday, August 9, 2011

Genting - The BBs' Price


As the market's volatility increased on the downside and with Genting being one of the heavily punted stocks in the exchange, I am interested to know where would the BB look to accumulate this stock. Looking at the chart, if Genting were to trend any lower, 1.45 - 1.48 is the price they would look to buy. However, in the short term, 1.60 - 1.63 would be a price to watch out for. I am only looking to follow their action once I see heavy bulks of buying taking place.

Ronald K