YM Daily Chart Review + QR Breakdown

GENM - Remain Stagnant but Good Prospects Ahead!

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Publish date: Tue, 29 Nov 2022, 08:26 PM
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GENM - Remain Stagnant but Good Prospects Ahead!

 @ Been consolidating within range of RM2.50 to RM 3.03 since 2021.

 @ Broken support last few days due to political issues, however, managed to recover back above support.

 @ Short term play can be buy at support, sell at resistance.

 @ Long term play, entry for now is not considered high. Chart shows the worst is over and we can hardly sees catalyst that could brings the price lower. Looking at recent QR, back to profit for 2 quarter continuously for 1st time since covid lockdown.

 @ Prospects:Theme park reopen and gained outstanding response from market ; China plans to reopen borders on March next year ; Next qr on Feb expected to perform better figure as it counts in peak year end holiday season.

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