KLSE (MYR): GENTING (3182)
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Last Price
3.96
Today's Change
-0.01 (0.25%)
Day's Change
3.96 - 3.99
Trading Volume
179,500
2024-11-05
2024-10-29
2024-10-29
2024-10-29
2024-10-29
2024-10-25
2024-10-25
AngTayKor
2,560 posts
Posted by AngTayKor > 1 month ago | Report Abuse
Share price is now caught between rocks and hard place.
Multiple tens of millions shares were bought cheap at 4.11 and 4.12 from 11/9 to 27/9 (including trader here). The rally has stalled, price reversed back down together with KLCI. These group of low priced buyers may choose to cut-win with minor profits. Any rally higher will be a good bonus.
Likewise, multiple tens of millions shares were also bought at 4.30 zone during 5/8 to 3/9, after 6 sen exdiv price will be 4.24 zone. These group of buyers were trapped at higher price with some waiting for better price to cut loss. Any rally will attract some from these group to cut loss.
Tough spot now. Savvy traders will lighten trading positions, safety always comes first. Anything can happen in the stock market.
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