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GENTING MALAYSIA BERHADGENTING MALAYSIA BERHADGENTING MALAYSIA BERHAD

GENTING MALAYSIA BERHAD

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GENM trade ideas

Are they chasing for dividend?After so long hit around RM 2.40 level and bounce back, suddenly came with such powerful long green candle. Are they chasing for dividend? Taken from a news "Most valuable gaming company in the region is under pressure as business is down at a time when it has a US$4.3bil (RM18.5bil) project in Las Vegas to complete." Fibonacci telling that the next resistance level could be RM 2.62 but of course, we may still need to refer back to the entire big picture to this downtrend chart where it yet to pass the FH level @ RM 2.73 Is it pushing high by Big Player? Retailer start to take position for the entitlement of dividend RM 0.05? Let's keep monitoring it and find the entry point within the squeeze on. Appreciate anyone could correct my view and provide your comment so that I can keep learning. ^_^
MYX:GENM
by lilonstitch
GENM - Low Enough to Forge Rebound?GENM - Many may doubt whether the hard-hit stock is at the right point to go for bottom fishing. Well, based on technical, stock that's being punished below 200-days MA (crucial supporting trendline) will take some time to recover & will need strong catalysts in terms of fundamental/ news flow to do so. The bigger picture still heading down. But, is there something positive we observe now? Yes, there's potentially RSI bullish divergence in formation. However, we expect further downside is possible, which if happen shall lead to stronger & firmer formation of RSI bullish divergence. At that point, it can be considered a "Go Signal". Most possible answer is - Wait now, wait for stronger RSI divergence, wait for 2.76 again. Current support at 2.76 Strong resistance ahead at 3.25 Disclaimer: Analysis shared here is purely for educational & learning purpose, it does not induce any intention to purchase or sell. Further action or execution shall be consulted via experts. Trade at your own risk.
MYX:GENM
by HTB_Club