Genting has broken above its short-term downtrend line at RM6.40 this afternoon. From Chart 1, you can see that the indicators (MACD, RSI & DMI) have been turning around for the past few days, awaiting a turnaround in the price.


Chart 1: Genting's daily chart as at Mar 5, 2010_3.50pm (Source: Quickcharts)

Below, I have appended the 60-min chart to show the same turnaround in Genting.


Chart 2: Genting's 60-min intra-day chart as at Mar 5, 2010_3.45pm (Source: Quickcharts)

If Genting (presently trading at RM6.54) is too pricey for your limited funds, you may consider Genting-CM or Genting-CN. Genting-CM has an exercise price of RM4.45; exercise ratio of 10-to-1; and expiring in June 2010. Genting-CN has an exercise price of RM3.80; exercise ratio of 4-to-1; and expiring in July 2010. Genting-CM (at RM0.215 now) is now trading at a premium of less than 1%, while Genting-CN (at RM0.685 now) is now trading at a zero premium. The other CWs are trading at premium of between 9% & 33%.