Tag: Genting

Genting stock has reversed with price breakout – Accumulate at dips ahead of its results | Technical Analysis | Singapore Stock Market

by Editor on August 1, 2011 in Investment Tips & Guides • 0 Comments

On 27th Jul 2011, Marina Bay Sands (MBS) reported 2Q11 results which  exceeded our and market expectation of a seasonally softer rolling chip volume 2Q11. 2Q11’s strong growth in rolling chip volume bodes well for the industry, and implies good long-term prospects for both the industry and rival Resorts World Sentosa (RWS) as VIP gamers typically patronise both casinos. Parent…

Genting.SP has more price consolidations ahead | Stocks Review | Singapore Stocks Market

by Editor on April 12, 2011 in Investment Tips & Guides • 0 Comments

Ever since the Genting stock price touched its historical high of S$2.34, it has then undergone a series of downward consolidation within $0.200 price channel. The recovery from the 3 months low from S$1.85 provided some hope to breakout of the consolidation channel but the divergences in both its daily volume and MACD were signs of disappointment. Watch out if…