GENM (4715) : A Game of Poker?

GENM (4715)  : A Game of Poker?

Here's a timeline of Genting Malaysia's Share (Genm) price performance based on news.

Simple analysis based on chart findings.

1) Buy low , sell high
 

2) When the volume is too high, the rebound was not much. Volume has to cool off a little before Genm rebounded back up.
 

3) If the intraday drop is very sharp and fast, it is likely to rebound upwards a little (but does not mean it will close strongly)
 

4) Buying below the opening price is safer than buying above the opening price
 

5) Traders had to go through 3 Bad News before rebounding significantly back in 2018.

 

Greentrades opinion:

Genm may trade in accordance to general market conditions.

Quarterly results will be out end of this month.

Its like playing poker with a person who knows your hand.

Do you want to play?













 

Thanks for reading.
Trade at your own risk.
The author will not be held for any losses or decisions made.
https://klse.i3investor.com/blogs/greentrade/218581.jsp