Double top forming in otw.

Genting could test the recent high at rm4.12 again today
. If fail to take out the recent high
Possible reversal from the recent high
MACD is reversing.

Klse will retest second low sometimes end of july before bouncing up
Time to sell into strength during this bear trap.kllse will revisit second low possibility would deep below the first low 1200 during 20 march.Genting bhd share would revisit at rm 3 or below.

Casino and hotel business would be in L shape recovery
Buy at cheap ,be prepared to hold longer term .

Sell in may and go away
Got profit take.buy at lower price when 2nd bottom anather few months

Time to sell if got profit..this rally will end soon...genting no operation no profit ..even MCO expired..ppl are scared to go especially those retired and VIP ppl busy restriction their business loan.cash flow problems.no vaccine yet.

L shape is considered a loss decade or in great depression...meaning shares would only go up half from the peak for many many years ..

Example L shape was the great depression 1932 to 1940s after world world 2.

Citibank from USD 45 went down to below 95 cent USD,Bank Of America from USD 53 went down to USd below USD 4 in 2009.

Now is pandemic plus financial crisis..no vaccine ,no income, hv to pay debts!!

During financial crisis 2009,Las Vegas Sand was the largest Casino in the World.Share price topped USD 138 down to below USD 3.50...what is genting bhd price below Riggit 3

Genting bhd has casino resort in malaysia,singapore,UK,new york,Bahamas,Florida,las vegas..but stil hv to pay salaries even though not in operations now.

Resort genting Las Vegas is the biggest casino resort in Las Vegas US sure borrowed substantial money from US banks.

Genting star hong kong although not in genting bhd group but it still belong to genting family.with empty star cruise yet stil hv to pay loan

It subsidiaries genting malaysia bhd it self need to finance newly acquired empire resort in US..

Genting bhd cash rm30 billion.but 60% of it held by 3 subsidiaries : genting singapore,genting malaysia,genting plantation.these 3 subsidiaries in MCO..but still paying salaries to large employess,and genting bhd holding 100% resort genting Las Vegas still need to pay daily over head cost plus interest loan from US bAnks.Genting bhd not so easy to access to cash of the 60%holding by its 3 subsidiari companies.

If profit run

There would be a heavy selling and Index would come down even Lower comes this middle of April .1st Qourter 2020 results out,vivid 19 at peak and another black swan emerge (oil and gas)

confirmed global cases approaching 1 million
Spain death toll passes 10,000; Italy reports 760 new deaths, taking total to 13,915, but a slower growth rate in infections; Thailand imposes national curfew

US: 6.65 million filing for unemployment

Stochastic RSI appears very stress over 95 on daily chart movement.

Trade carefully, daily chart double peak forming in this bear rallly.

This bear rally is a traders market

Sell into this bear rally for those who already profit.

Market temparaly taking a relief.trade carefully.

During major bear market always a few rally in within b4 it bottom.

*unemployment rate

Even covid 19 peak in US and europe down jone would stage a strong rebound before it resume move south as Down jone would face another economic damage with employment rate sky high with millions.of cause down jone would come out from the deep in the middle of recession.but when ?nxt few months or early nxt year ?

US too late to act the 2 trillion rescure the market as covid19 already sky Rocking.US would move south nxt week!

Because it deeply oversold .RSI relative strength seriously oversold.sure got many ppl went I to buy ,thought it was the deep .and also bank negara reduced rate trying to liquid the market

https://www.theedgemarkets.com/article/bursa-relaxes-margin-financing-rules-ease-forceselling
The bursa did not ban ,just relax the rules 73 rules..meaning stil subject to individual bank rules to continue magin force selling.furtrter more only small of share allowed short selling.not to forget local stock Index stll follow US down jones..if down jones crash again klse will follow.covid 19 top in US now and Europe .

Is a technical rebound a strong dead cat bound up

Now the world is facing covid19 crisis and looming biggest financial crisis..during last financial crisis only (one crisis)2009.LAS VEGAS SAND owned by world no 9th richest man plummel from USD50 to less than USD7.

Don't forget genting with huge debts with US Bank to finance the construction of ResortWorld Genting LAS VEGAs.

2008/2009 asian economy was stil ok.china GDP stil.at about 6%
Only us and europe In subprime crisis
1998 only asian crisis.now whole world in trouble

Big banks are worried about corporate loan from
O&has.airtrandportation Industries.resort and hotel Indutries.manuafacturing big and small.and individual if world wide layoff.

The only similarity current bear compared to bear run fro m 29 october 1929 to mid 1932.im not saying current bear is 100% like 1929..
Indeed the world economy is in great trouble. Deep impact........

This is a big bear..bear market could last at least 12 months and the longest is 30 months. Bear will not immediately turn to bull market after a 3 to 4 weeks of bear .yes .yesterday was a typical bear rally simply because it hv lockdown substantially the past few weeks non stop.how could a young bear suddenly turn to a bull when covid 19 is in the surge and world economy is being lockdown.this bear is not same like bear markets in 2008 ,,2000 ,1982 1987,..the current bear facing covid19 and big trouble world economy.

Based on past qr announcement. .should roughly around this date .

Netx laggard stock...2017 played up twice..on march 2017 peak at 0.11..another up was on august 2017 peak at 0.07.

Operator must collect enough share b4 playing up together with better qr

Qr announce nxt weelk.1st march..after qr will move

Coming soon..u all see..DGB, PUC, DGSB all same with netx are flying high.

No more chance to get 0.04 now

Netx downtrend over..trending upward now.stochastic hook up, ADX movement turn bullish.macd goin to positie territory.lower bollinger curving up.

Qr will b out on 1st march

Volume less today

Results good?

Are u all saying netx wil be come p17 ?

Broadcom and Qualcomm cut production of Apple.

Chart berish.far below 50 day MA..run!

Broadcom business from Apple accounted only 20%.broadcom hs business from other smartphone companies as well.im sure not all 20% apple business awarded to inari.business from broadcom to inari mainly is RF chip.and most of smartphones are with RF chips in.