Genting Hong Kong: Reversing!
Genting HK chart is reversing after a recent Parabolic run up! Let see whether it is a Roller Coaster Show Time now!
Informatics: What is the Next Movement?
Informatics is showing a Parabolic Curve pattern. Current PE is at all time high of 49. Another point to note that Informatics loses money and have negative net operating cash flow on the last quarter. History tends to repeat itself and you may be able to predict what will be the future stock movement in view of the technical chart pattern and fundamentally.
Genting Singapore: Where is the Next Price Target?
Genting has broken the resistance at $1.30, gap up and closed the last trading day with a bullish marubozu candle due to much better earning than expected. Probably many of you will ask how high can Genting Singapore goes and what is the next resistance. Base on Fibonacci Retracement, the next resistance is $1.51 (123.6% Fibonacci Retracement Level), followed by $1.64 (138.2% Fibonacci Retracement Level). That is the beauty of Fibonacci as it can predict the next future resistance or support levels where there is no previous history to refer to. However, be cautious on trading Genting as the chart shows Parabolic Curve again! It happens before and it will happen again! History tends to repeat itself!
