Genting SP had a humpty dumpty fall in the recent days. The virus had spread so severely that it affected the gaming industry with lesser customers wanting to go to the casino for betting. It's the same in the US market and will this low in price allowed us to invest in Genting at the low? To be honest, I think there are better choices and better stocks as compared to Genting since the stock had been a slow moving stock with slack of movements and lack of power.
In the 5 minute chart, the stock had a triple gap down which was detrimental for the stock price and in that 5 minute chart, if you observe closely, you will see it lacked of strong buying and strong buyers. There wasn't much interest in this counter now as the stock can only go down south until it touch a demand zone. So will the buyers emerge at the demand zone? In the short term, I believe there might be a rebound but is this the stock that will fly first?
So I decided to do a preview and share my watchlist on the strong stocks I am watching which might rebound first should the market starts to turn up. I dubbed this event as "One Short Term Trading Stock" because I had been monitoring this one good stock for sometime now and I will want to share this stock during my talk so you can profit with me. If you can make it on Feb 25th, do join me in this FREE event by click on the link below to register. See you all there.
Click to register for a Preview of "One Short Term Trading Stock"
Ronald K - Market Psychologist - A Stock Market Opportunist
