Genting SP just followed the general market and started to move higher. Earlier it wasn't like this as the stock stayed stagnant without much buyers. Soon, the buyers came in and I revisited the 5 minute chart for clues and realized that the gap area played a part for the move. It gap up last week and Thursday/Friday, the stock went below the gap area where big players went in to support the stock. The stock then slowly trended higher and today it just moved up slowly. This is quite a good stock to trade now since the retail business took a hit and it's time maybe to find good valuation stocks for trading? You have to study this counter for it's movement carefully if you are going to trade Genting.
Follow me in Instagram as I share more live stocks, live analysis and commentary there. Click on the link below and then click follow.
https://www.instagram.com/ronaldkstockmarket/
Update: 6/4/2020, 11:38am
At 1.53pm, the stock shot up to 0.69!
Genting up another point. The stock just got bought up!
Ronald K - Market Psychologist - A Stock Market Opportunist
