December 31, 2014
Genting Singapore PLC (G13.SI),closed 1.08 on December 31, 2014. It has been fallen since January 2014 from high of 1.51. Again why? Blame the whole world for causing the price to go down. If the visitors keep coming and increase, and all price remain the same. The confident of the trader must have changed. What has diverted the traders focus.
Genting Singapore 2014 Review
1) Genting engages in the development and operation of integrated resorts.
2) From January 2014, PA crossed below MAs, the PA has struggled to stay stable (see the support line on the chart)
3) Finally, PA has given up in August and let the PA drifted.
4) From August the price started to decline to the lower low in November.
5) PA has jumped up and touch the 100 MA. The PA was resisted.
6) PA has crossed above the River, but it fall through the River now trapped in River.
7) PA is bearish bias for the entire 2014.
8) Buy and Hope (hold) will really a big problem.
9) What have you got out of the chart?
10) What can influence to send the PA north in 2015? Oil price? Deflation? or what?
Genting Singapore, G13.SI,December 31, 2014 Daily
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Moses
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