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1 month ago | Report Abuse
Not sure if finish washing, seems finished. If GENINE stop selling, rebound from 1.35 successful, the wave may bring everyone to 1.62, to ride on Raya small bull wave.
1 month ago | Report Abuse
GENM bottom of bolinger band and MAV20 at around 2.81, any drop below it is a good buy.
Genting Bottom of bolinger band is at 4.68, bottom of uptrend channel is at 4.74, MAV50 at 4.84.........
1 month ago | Report Abuse
Ha, 5 and 4.94 can not hold. It seems tomorrow 4.80 can top up Genting
1 month ago | Report Abuse
Unfortunately selling pressure haven't finished.........
1 month ago | Report Abuse
If targrt rate 6.3%, price 0.95. If target rate 5.3% (US short term interest rate), price 1.13, if target rate 3.9% (CIMB FD rate), price 1.53. Any comment?
1 month ago | Report Abuse
TIME to buy @1.35?....Have you prepare your bullets?
( Stock: [JTIASA]: JAYA TIASA HOLDINGS BHD
3 days ago | Report Abuse
Divergence of short term share price and cpo price is happening, Jtiasa may be testing support @ MAV20 near 1.35 to correct oversold technical before rebounding.)
2 months ago | Report Abuse
Divergence of short term share price and cpo price is happening, Jtiasa may be testing support @ MAV20 near 1.35 to correct oversold technical before rebounding.
2 months ago | Report Abuse
Divergence is happening, Taann wanted to test support to correct oversold technical.
2 months ago | Report Abuse
GENP today ex 13 sen dividend will contribute to Genting coffer on 2-April
2 months ago | Report Abuse
Jtiasa learn from Maybank action post dividen? Great....
2 months ago | Report Abuse
Bull Bear struggling at 5.00. Who may win in March? I am not optimistic today because KLCI 1555 double tops shadow ..........but will close eye and hold till May 1st Q results to decide.
2 months ago | Report Abuse
Uptrend declined. RM5 support still effective.......let stay a few day at 5
2 months ago | Report Abuse
I am wrong again, mother lead son.....
(Today Son move mother?)
2 months ago | Report Abuse
Signal released.
MR CHUAH HOON PHONG 01-Mar-2024 Acquired 36,000 0.775
MR CHUAH AH BEE 01-Mar-2024 Acquired 36,000 0.775
2 months ago | Report Abuse
I was wrong again, today is a hammer, if volume bigger, tomorrow GENM may state a breakout as MACD may cross signal, chances is high while share price above MAV20, RSI slightly above 50%, Stochastic already hooked up, - Mother Genting MACD crossed signal yesterday.
(Bet tomorrow a doji
22 hours ago)
2 months ago | Report Abuse
Thanks Goldgent, this news change my view on TauRX HMTM (LMTM) to believe it may be approved in near term (may be 2025). Taiwan is traditionally supplier of US. if HMTM cannot be approved by US, although it may be approved by other countries, the value will be axed and the economy of scale may not be achieved .
(He forwarded this article for our reading 旭富觀音廠規劃2025年下半年投產
https://news.cnyes.com/news/id/5443124)
2 months ago | Report Abuse
Genting unique way of testing support and resistance- it test from top to bottom. 4.95 and 5.02 tested ok d. it is may be also because too many investors trapped many years at the top from 1999-2023 at 4.90-5.40.
2 months ago | Report Abuse
Local funds are struggling to start a Raya bull, hope it can reach 1570 which is a breakout of KLCI uptrend channel. if fail, double top of 1555 will bring KLCI to correct to 1490........
2 months ago | Report Abuse
Next resistance around 5.40. Holding power is the key. Actually it is insane to predict share prices.
If sentiment very strong and 5.37 can be crossed in 1st attempt, then potentially 5.37+0.72=6.09 as shown in the double swards video ; if can't, forming a flag again, if the flag is ranging from 5.40-5.05, then next target may be 5.05+0.72 =5.77, similar to target price of IB.
https://www.youtube.com/watch?v=dIazk_tO1D0
2 months ago | Report Abuse
Malaysian palm oil futures were around MYR 4,090 per tonne after briefly hitting MYR 4,140 in the prior session, amid a further drop in crude oil prices and weakness in rival vegetable oils on the Chicago Board of Trade. Meanwhile, top buyer India's palm oil imports sank to a 9-month low in February as buyers reduced their palm oil orders to increase buying of sunflower oil. Still, the contracts remained near their highest level in over 7 months, with fresh data from the industry regulator indicating palm oil stocks at the end of February fell to their lowest level since July 2023 while production hit a 10-month low owing to unfavorable weather and a shortage of workers. At the same time, bets of robust demand sustained ahead of the Ramadan fasting month and Eid-al Fitr festival. On cargo surveyor data, shipments of Malaysian palm oil products for March 1-10 grew 6.2% to 325,543 tonnes from the same period in February, according to independent inspection company AmSpec Agri Malaysia.
2 months ago | Report Abuse
Any pull back opportunity to buy. Washing Again........
2 months ago | Report Abuse
Today released February total palm oil level is MoM lower at 1,919,210 tones vs January 2,020,191, drop by 5%,
https://bepi.mpob.gov.my/index.php/stock/313-stocks-2024/1173-monthly-closing-stock-of-oil-palm-products-2024
2 months ago | Report Abuse
Dont worry Dompilee, Genting will reach your average cost this year, most probably this May results.
You are right neohts, GenB nothing to do with Taurx. However they have their own story. GENP up today because 13 sen dividen on the way and higher CPO price, GENM up because 9 sen dividen ahead and expected better profit 1stQ 24
2 months ago | Report Abuse
Bought GENM @2.90. A Technical signal buy appeared last Friday. GENM technical is not as strong as Genting but Genting surge too fast.
https://www.youtube.com/watch?v=aZZKycFZnbs
2 months ago | Report Abuse
Half day break 2 resistances 5.02 and 5.11, next is 5.25. Good
2 months ago | Report Abuse
Short term target around 5.40. Slow Slow will be better......
Checked Bursa Nett Short position no Genting share but only GENM.
(From Jan to March chart, Fund in control big wash weak holders 2 times and small wash numerous times, only push over RM5 at 3rd attempts. 3rd attempt is pushed only after hot money escaped with planned " disappointed" QR. Therefore 4.90-5 will be strong support for Genting share price.
After hitting 5.40, if share price can form a flag again, ranging 5.40-5 thus from 5+0.72=5.72 as next target.)
(Despite many times wrong prediction, technically we can see that Genting 1st leg is 4.74-4.02=0.72 (November 23), after that it enter less reliable flag pattern until MACD reaching neutral zone, stochastic reaching oversold zone yesterday. With today rebound, RSI hook up almost reaching 50% and Stochatic %K %D crossed smoothed %D. Again if 4.90 resistance can be crossed and stay more than 3 days, chances is 2nd leg 4.65+0.72=5.37 may be targeted. Any gap up above 5.40..........)
2 months ago | Report Abuse
Confirmed breakout from 4.88 towards breakout of 5.02. Good
2 months ago | Report Abuse
GENM also state a techinical buy signal as follows:
https://www.youtube.com/watch?v=aZZKycFZnbs
However Genting chart is technically more beautiful than GENM as long as Genting can stay above 4.88 these coming few days
2 months ago | Report Abuse
Next week to support Bursa KLCI is expected to be Consumer (Genting), Finance and Plantation Index
2 months ago | Report Abuse
US and Japanese market are expected to start a correction in 1-2 weeks time until a suitable timing for US to start an election bull run. Bursa is struggling to start a Raya bull but not sure if can be successful (if KLCI can be supported above 1520 by local fund). Genting technically is good at last Friday to start a short breakout because currently share price is above ceiling of long term downtrend channel @4.88 and also above MAV20. MACD hooked up from neutral touching signal but haven't crossed, Stochastic %K %D is above smooth %D and above 50%, RSI is @50%, hopefully tomorrow is at least a doji and closed above 4.88 then breakout can be maintained
2 months ago | Report Abuse
Let's forget about TauRx, currently buy on pullback Genting for better YoY and QoQ of Revenue and profit 1stQ 24 Genting Singapore, better YoY and QoQ Revenue and profit 1stQ 24 Genting Malaysia, poorer YoY and QoQ of Revenue and profit 1stQ 24 Genting Plantation............
2 months ago | Report Abuse
I am curious why today so many transections, so many sellers and buyers? Foreign fund is selling and local fund is buying?
2 months ago | Report Abuse
Just checked there is no shortist, I thing most dare not short Genting as ii is traded at a huge discount to sons.
https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20240307.pdf
( Posted by KooSan > 52 minutes ago | Report Abuse
Let's burn the shortist..)
2 months ago | Report Abuse
Today rest, awaiting Monday February CPO stock level data
2 months ago | Report Abuse
Today share price no bad, it let those purchase on 6 of March - 5.02 -4.82 (average transection price 4.90) to exit if they don't want to hold...........
2 months ago | Report Abuse
Drug development is never been easy. Reaching Phase 3 is never easy.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10210334/
Thirty‐seven new therapies—22 new chemical entities and 15 biologics—were approved by the FDA in 2022 across all therapeutic categories. 9 Five agents are active in the central nervous system (CNS) including one agent for relapsing multiple sclerosis, one treatment for amyotrophic lateral sclerosis, one anticonvulsant, and one therapy for the treatment of insomnia. One biological agent was directed at cerebral adrenoleukodystrophy to slow the progression of neurologic dysfunction. This is the smallest number of new drugs approved since 2016. There were no new treatments approved for AD in 2022. In 2021 and 2023, respectively, aducanumab and lecanemab received accelerated approval for the treatment of AD. Development for AD continues to be challenging with only these two drugs approved since 2003.
2 months ago | Report Abuse
When people shouted all in, we started to be worrying......
2 months ago | Report Abuse
1st target 1.47 reached. If advance a lot more, it will be a breakout of channel ceilling........
( 5 days ago | Report Abuse
Technically if you draw uptrend channel of Jtiasa, a few day back it drop below bottom channel at around 1.22, today with strong come back to the channel and you may see ceiling of the channel at around 1.47)
2 months ago | Report Abuse
RM9+ is a dream now, will take long time to realize. Drug approval is a long process and affected by science, politics, international top fund interests.........
2 months ago | Report Abuse
We may notice from 4.82 to 4.92 not much transections 3.4M, that means not much sellers d. Mostly hold to celebrate tomorrow
2 months ago | Report Abuse
kokchengkai
Your analysis is logical, agreed. (Taurx present the data in Ad pd conference 2024 in portugal .. many bio medical company n Ad Pd reseacrh team will attend the conference . Don't worry only positive report wil b present if not they wil absent tht conference)
2 months ago | Report Abuse
Wash again, today up, tomorrow depend on results if gap up or gap down?
2 months ago | Report Abuse
Foreign hot fund is exiting Bursa.
https://www.bursamalaysia.com/bm/market_information/market_statistic/securities
2 months ago | Report Abuse
Thank! ATK, you are really professional in Genting, need to learn from you. I am interested to hold at least till Genting Singapore 1st Q24 results, to decide if continue to hold
Stock: [JTIASA]: JAYA TIASA HOLDINGS BHD
1 month ago | Report Abuse
If rebound from 1.35 not successful, strong support at 1.25. it is bottom of medium term uptrend channel