Genting HK: Forming A Wedge

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Genting HongKong is forming a wedge pattern. The immediate resistance is at about $0.46 which is also the 78.6% Fibonacci Resistance. It is crucial to see whether Genting HK is able to break the 20D and 50D MA resistance, otherwise we may see the short term bear takes charge of Genting HK.

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Investing & Trading Rules and Philosophy

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  • Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part-ownership of a business. – Peter Lynch
  • I think you have to learn that there’s a company behind every stock, and that there’s only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. – Peter Lynch
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