If refer to monthly tf, we can see that this is the third time price reject support . And currently price able to break previous resistant. So i will be looking for buying opportunities area hidden base tf h1 (more interested at this area due to still fresh) or demand below it.
Strategy
-Short Term Trade.
-Price entry at 2.32 or below with Stop Loss set at 2.15.
-Attractive Risk Reward.
-Malaysia MCO expected to end on 09th June 2020.
-Prime Minister expected to announce the by coming week (1st week of June).
-Genting Malaysia expected to reopen its business upon announcement by PM.
-Details of MCO announcement whether it allow to...
Left-Chart - Buy below these indicator
Right chart - Analysis
Growth - Potential Growth of the stock price based on historical performance
Book - {Safety Precaution} Even if the company Bankrupt, you MAY still profit. Calculation based on all asset.
Net-net - {Safety Precaution} Even if the company Bankrupt, you have higher chance still profit. Calculation based...
Daily trend line broken,share price traded above last (3.485).
Daily demand form and potential pre trade set up possible at 3.60 for swing investor.
short-term trade may chase and set cut loss at last lose 3.71.
The announced Budget for 2019 include increase in gaming tax for casino from 25% to 35%. The last increase in gaming tax for casino was in 1998. In an article in 2016, The Edge entitled "Is Gaming Tax Next to Go Up" an analyst from HLIB opined that a 1%-increase in gaming tax will lower earnings by3% for GENM and 1% for Genting. Thus it is not unreasonable to...
Based on the daily chart above, the re-distribution stage is spotted on 20 August 2018 when Bullish HeatZone turned to Bearish HeatZone. This is the early signal of potential selling by the Smart Money and this is confirmed by another exit signal on 3 September 2018 when the price broke below ATR Stop Loss. The early exit signal by detecting the hidden selling can...
