Genting Need to close above S$1.66 today for more upside… If not.. just becareful
Posted by admin in Commodities, Futures Pick, Market Analysis, Stock PickGood Morning,
I received alot of well wishes SMSs and Emails for the Buy Call that I made publicly on Genting SP since last year and was even more aggressive with this call this year. I am very happy that many have made. I even heard some made S$60,000 to $70,000 on this call of mine. Thats fantastic! Hope that these people can take 1% of the earning and give to charity organization of his/her choice and help others in return.
As much as I want Genting to hit S$2.00 but I think this recent run is near its peak. Based on chart pattern, today, Genting must close above S$1.66 for more upside. If not, one have to be very careful on your target level. My take is, if it close at $1.66 today, the upside should be the most around S$1.70 this week. BUT if it fail to close above S$1.66 today, then I think, my 2cent advice, is to book partial profit from tomorrow onwards.
For today, the KEY Upside Catalyst will be the HK Future market. All 3, NIKKEI, SIMSCI and Taiwan Futures opened and went down first before climbing up. So meaing, HK must trade above 21080 first.. once this market can go above 21100, I believe the entire market will start surging up and may even see strong closing today.
I am looking at Gold to take profit soon while Crude Oil to bottom out.
Have a great trading day ahead!
Disclaimer applied as usual.
Kelvin Han
V3Go System Originator
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