𝐆𝐞𝐧𝐭𝐢𝐧𝐠 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐒𝐭𝐢𝐥𝐥 𝐚 𝐁𝐔𝐘? | 𝐓𝐡𝐞 𝐒𝐭𝐨𝐜𝐤 𝐭𝐨 𝐖𝐚𝐭𝐜𝐡 𝐟𝐨𝐫 𝟐𝟎𝟐𝟑

 

Genting Sing was a stock I covered last month as we spotted some really bullish actions.

 

There were also some signs of the trend turning up finally after 1.5 years and upside targets were drawn then.

 

We have approached this level over the past few days and some selling seen.

 

So is it time to take profit or can there actually be further upside in 2023?

 

 

Joey here, Top Tier Remisier and Trader in Phillip Securities.

 

Watch this video all the way to the end as I analyze one of the most popular stocks in the Singapore market.

 

Imagine China opening up fully where it can be a huge catalyst to this tourism play.

 

It could just be at the beginning of a huge rally when the market recovers imo..

 

We will even dive into the 1GT system that I have to see what it says. Let's go.

 

Watch here >> https://youtu.be/Vy0uAIhjiMk

 

 

 

𝐁𝐞𝐬𝐭 𝐒𝐆 𝐒𝐭𝐨𝐜𝐤 𝐭𝐨 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐨 𝐑𝐢𝐝𝐞 𝐏𝐨𝐬𝐭 𝐂𝐨𝐯𝐢𝐝 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐢𝐧 𝟐𝟎𝟐𝟑

 

With the world gradually opening up and tourist starting to flock back into Singapore, what is the one stock that can ride the post Covid recovery strongly.

 

This company has recently reported an impressive set of results strong revenue and EBITDA recoveries at 107% and 143% y-o-y respectively.

 

It is the best quarter since Covid-19 with revenue and net profit recovering to about 87% and 85% of 3QFY2019's.

 

 

Technically, on the chart, we also saw some bullish price actions coming back last week where some upside targets were drawn.

 

It seems like it has pushed up a little but where are we now and what are the targets again,.

 

Watch this video to find out WHAT stock is this and WHY I like it for now as long as we stay above this key support that I will be talking about.

 

Discover here >> https://youtu.be/Ef7RBNgLSVk

 

 

 

𝟐 𝐒𝐆 𝐒𝐭𝐨𝐜𝐤𝐬 𝐖𝐡𝐞𝐫𝐞 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐂𝐨𝐮𝐥𝐝 𝐇𝐚𝐯𝐞 𝐉𝐮𝐬𝐭 𝐁𝐞𝐠𝐮𝐧!

 

Over the past 1 month, we have still seen sectors that were badly hit due to the pandemic recovering,. 🙏😷

 

the tourism sector is one of those benefitting from the vaccine eventual rollout but not all stocks in this sector are rebounding..

 

There is 𝐎𝐍𝐄 𝐬𝐭𝐨𝐜𝐤 𝐭𝐡𝐚𝐭 𝐡𝐚𝐬 𝐫𝐞𝐜𝐞𝐧𝐭𝐥𝐲 𝐜𝐚𝐦𝐞 𝐭𝐨 𝐦𝐲 𝐚𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 again after some actions spotted. 👀

 

Hey there, Joey here, Top Tier Remisier in Phillip Securities.

 

 

Join me in this video where i talked about 2 stocks where there are 𝐬𝐨𝐦𝐞 𝐬𝐢𝐠𝐧𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐮𝐩𝐭𝐫𝐞𝐧𝐝 𝐬𝐭𝐚𝐫𝐭𝐢𝐧𝐠 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐬𝐡𝐚𝐩𝐞,

 

in fact, it could be just at the 𝐁𝐄𝐆𝐈𝐍𝐍𝐈𝐍𝐆 of their recovery only.. 😄☝️

 

We want to look at some of the key levels that we really need to get pass in order for the next phase to continue,

 

Check out what the 2 stocks are and 𝐖𝐇𝐘 𝐭𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐞𝐯𝐞𝐧 𝐢𝐧 𝐦𝐲 𝐫𝐚𝐝𝐚𝐫.

 

Watch here >> https://youtu.be/KINDdXfRdi4

 

 

𝐆𝐞𝐧𝐭𝐢𝐧𝐠 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐈𝐬 𝐭𝐡𝐞 𝐖𝐨𝐫𝐬𝐭 𝐑𝐞𝐚𝐥𝐥𝐲 𝐎𝐯𝐞𝐫? (𝐓𝐡𝐢𝐬 𝐋𝐞𝐯𝐞𝐥 𝐊𝐞𝐲!)

 

When the Covid-19 situation escalated in Feb, we saw Genting Sing selling down by close to 40% to a low of 0.50 in less than a month..

 

then it staged quite an impressive 𝐑𝐄𝐁𝐎𝐔𝐍𝐃 in April and May.. 😅

 

rebounding by more than 50%,

 

But it seems like 𝐒𝐄𝐋𝐋𝐄𝐑𝐒 are regaining back control again over the past few weeks.😨

 

 

 

On Friday, we saw it tanked down by close to 5% as it reported its  𝐰𝐨𝐫𝐬𝐭 𝐪𝐮𝐚𝐫𝐭𝐞𝐫𝐥𝐲 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐬𝐢𝐧𝐜𝐞 𝟐𝟎𝟏𝟎 amidst the current pandemic.

 

Some downside targets were drawn a few weeks back and it has sold down more since.. ️🎯️🎯

 

So the question I have been getting over the past week is:

 

"𝐉𝐨𝐞𝐲, 𝐢𝐬 𝐢𝐭 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐁𝐔𝐘 𝐆𝐞𝐧𝐭𝐢𝐧𝐠 𝐒𝐢𝐧𝐠? 𝐂𝐚𝐧 𝐰𝐞 𝐬𝐞𝐞 𝐚 𝐑𝐞𝐛𝐨𝐮𝐧𝐝 𝐀𝐠𝐚𝐢𝐧?" 🤷

 

Well, watch this video Recorded 9 Aug 2020 to see if there can STILL be more downside for this counter..

 

and more importantly, 𝐢𝐟 𝐭𝐡𝐞 𝐰𝐨𝐫𝐬𝐭 𝐢𝐬 𝐫𝐞𝐚𝐥𝐥𝐲 𝐨𝐯𝐞𝐫...

 

You want to focus on this key level for now and 𝐍𝐎𝐓 𝐛𝐞 𝐭𝐨𝐨 𝐐𝐔𝐈𝐂𝐊 to try to catch the bottom imo.. 😬

 

See what I mean and why.

 

𝐖𝐚𝐭𝐜𝐡 𝐇𝐞𝐫𝐞 >> https://www.facebook.com/tradingimpossible/videos/214723806631324/

 

 

 

 

Genting Sing: Selling to continue? Price 0.78. Sellers still not letting go imo...

Just about a month ago in early Feb, we saw Genting Sing approaching the key 0.85 support level dangerously…

The key thing is that since the beginning of 2018, which is like 2 years ago, we have already seen the longer term trend of Genting Sing starting to turn down.

It has been forming lower highs since then as seen from the downward sloping channel resistance line… see the red line below..

As we head towards 0.85, there were some signs that sellers were attempting to eventually break it, but we are just not sure…

Were waiting for some specific bearish price actions for a good signal for the downtrend to continue…

Hence, some downside targets were drawn for the impending breakdown..

A matter of time imo looking at how all the moving averages were pointing lower…. See what I mean regarding the target… to 0.70 first as it fills the gap downwards…

A few weeks passed and just last week, we finally saw that bearish price action…

Sellers just came in fast on market weakness and sold off the entire block of support at 0.84 – 0.85…

No chance given..

Finally, after more than 3 years since Nov 2016, we have seen this 0.85 support BROKEN!!

Not a good sign for sure and this can lead to more weakness in the short term..

Downside targets were reiterated again as seen, with some temp support coming in at 0.800 first.. then to 0.700…

Downtrend was intact for now below 0.85 new resistance…

Fast forward today, we have also seen the temp 0.80 support BROKEN!!

SEEMS like sellers are not letting go…

Imo, we can still see more selling pressure as long as price stay below 0.80 in the coming days… all the way to 0.700 as per original target drawn..

In situation like this, would not want to be holding long positions blindly and just HOPING IT WILL RECOVER…

It might, I am not too sure when, BUT just that for now, selling IN THE SHORT term looks more likely then a longer term reversal back up…

Can consider riding CFD SHORT positions to profit from the weakness… see where we are below now!

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Genting Sing: Selling pressure still continuing? Price 0.895

Over the past 2 months, we have started to see some weakness in Genting Sing with it breaking below the 1.05 support…

Short term trend indicators were also starting to turn lower after it hit a recent high at 1.15..

Seems like buyers were losing strength and not able to take prices higher..

Coupled with a weaker market in general, some downside targets were drawn…

With our first target hit at 0.95 last month..

We started to see some consolidation above it but there was still a potential break down of this support…

Finally, last week, some bearish price actions was spotted and downside targets were revised lower…

Towards 0.85 next… Downtrend still intact it seems,

We have broken the psychological 0.90 level over the past few days and seems like targets still on tracked…

Would likely see some buyers coming back near 0.85… hope this level holds.. if not, more weakness not ruled out..

Genting Sing: Still heading towards targets, Reversal on track? Price 1.10

Just about 2 weeks back, we spotted Genting Sing approaching the critical 1.05 resistance where buyers were attempting to break it…

There were already some signs of upside reversal showing in the indicators too..

Specifically the crossovers of the short term 20 day and 100 day moving averages…

Hence some upside targets were drawn…

Over the past few days last week, we have indeed seen a breached of the 1.05 resistance…

May be testing 1.10 to push higher…watching… 😉

Seeing some profit taking near 1.10 for now but may be attempting to push higher…

Where targets as drawn previously may still be on track..

1.10 is also where the 200 day MA is where a move above can be a signal some upside reversal in the longer term… watching..

Genting Sing: Downside target hit and some short covering expected, but worst may not be over Price 0.87

Following up from previous blog post about 2 weeks back >> http://singaporetradinginsights.blogspot.com/2018/10/genting-sing-more-selling-happening-as.html

Seems like we have hit our downside target at 0.88 over the past few days where some short covering is seen…

Sellers started to push it down lower towards 0.85 where we may see some consolidation from 0.85 to 0.90 before more direction again..

The worst may not be over if we spot more bearish price actions below 0.85 too…

See downside targets that were reiterated again last week.. hit!

The downtrend still looks firmly intact for now, especially below 0.900.

From the PTI system, the bearish signals still not showing any exits...

Note that the previous low we have seen in 2016 was at 0.65 – 0.70, so we may be attempting to head towards there before some good bargain hunting returns again..

Want to know the strategy behind riding the weakness with target playing out as drawn and hit?

Attend the LAST free workshop on Sat, 3rd Nov 2018 at 2pm, REGISTER HERE..

Genting Sing: More selling happening as per targets... Price 0.965

Over the past few weeks, we have seen Genting Sing approaching the 1.00 level dangerously..

There were some signs of the downtrend taking shape and hence a potential break down of this level..

Downside target can be to 0.88 as drawn recently…

See what I mean below..

Seems like we have convincingly broken this 1.00 level today where more weakness can follow through….

Cautious long…

From the PTI System, yes, we actually had some bearish signals recently…

And then the move came..

Still no exits…

So downside as per targets reiterated below may still continue…

Want to know how to ride the weakness and profit from the downside too with a Blueprint and System?

Attend a FREE Live workshop, Register here, Last Session on Sunday 10am.

Genting Sing: Target at 1.30 hit and some profit taking, upside may not be over. Price 1.29

Following up from previous blog post about 3 weeks back >>> http://singaporetradinginsights.blogspot.sg/2018/04/genting-sing-rebound-caught-after-sell.html

We have indeed seen our target at 1.30 hit today…

It was consolidating for more than 2 weeks below 1.20 and finally some bullish actions came last week…

Over the past few weeks, we had actually revised our targets higher as per charts and were expecting a move above 1.20…

See what I mean below.

Finally the move came and target at 1.30 hit today…

Seeing some profit taking near 1.30 for now which is normal, given the rally we have experienced..

But more upside may continue on more specific price actions above 1.30…

Probably to 1.40 next…

Some has already profited as seen below…

Anyway, still in watch list for more upside… let’s see if that plays out as well…

Would want to protect profits at current levels too   J

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Genting Sing: A rebound caught after the sell down... price 1.19, watching..

We have seen Genting Sing selling down in most of Feb and March 2018 however…

Over the past week, we managed to see some good reversal actions in Genting Sing above the 1.10 level…

Some upside reversal targets were drawn and seems like we have already hit the 1.20 resistance level over the past few days..

See what I mean.

We are seeing some profit taking for now near 1.20 which is normal given the rebound caught where some may want to take profits…

However, would not rule out the upside reversal continuing on more firm actions above 1.20 now…

Targets may be revised higher if that happens….  to 1.30 probably…

Watching..

Last Few Seats for LIVE workshop next week to know how we spot reversal move….

Genting Sing: Weakness over past few weeks, Downside target hit, where to now? Price 1.06. System?

Just a month back, we saw some weakness in Genting Sing when it broke the 1.20 support level…

Indicators were starting to turn when it couldn’t breach the 1.30 resistance and….

…there were also some bearish signals spotted on our SYSTEM…

As a result, a note was sent and some downside targets were drawn to 1.10 then 1.05 to ride any weakness…

See what I mean below….

Over the past few days, we have indeed seen the 1.10 support broken and target at 1.05 has been hit finally…

Seeing some buyers coming back for now with some short covering probably near 1.05

It may consolidate from 1.05 to 1.10 for now but…

Would want to be careful on more firm negative price actions below 1.05 which can see it trade to 1.00 with our downside targets revised lower…

See where we are now below…

More importantly, want to know what we are seeing on the SYSTEM??? 


I mean is there still any Bearish signal or any EXIT on that bearish signal…?

Attend a FREE LIVE workshop to see it Live…. Seats are filling fast…. Click here….

Genting Sing: 1st target at 1.30 may be soon, but more upside above? Price 1.29

Just last week, we spotted some good reversal actions in Genting Sing with it holding above the 1.20 level….

Buyers were coming back on any dips near 1.20 with some good price actions spotted…

A note was sent where there is an opportunity to accumulate on dips near 1.20 with stop loss below…

Anyway, some upside targets were drawn for any firm rebound back above the 1.25 level which can see a reversal back to 1.30 first…

Seems like we are seeing that play out and our 1^st target also hit….

Let’s see if the reversal will continue above 1.30 further…

Some profit taking seen for now, however, any specific price action above 1.30 can see our 2^nd target on tracked... to 1.40 probably....

Watching...   ;)

Genting Sing: Almost touching target... Price 1.39. Still good to go?

Just about 2 weeks ago, we spotted some really good price action in Genting above the 1.25 level….

Some upside targets were drawn as indicators were also looking good then plus..

We also had a bullish signal with no exits on the system then….

See chart issued 2 weeks back when it was at about 1.285…

Was expecting the move above 1.30 soon and INDEED, it happened after a few days….

For illustration purpose only

It seems we are almost hitting our 2^nd target at 1.40 today… with a high at 1.39 as of now…

Starting to see some profit taking where one can also lock in some partial profits too and more importantly, protect them....

However, upside may still be possible on any specific price action above 1.40…

Targets have been revised higher last week too. Let’s see if that plays out again…..

System wise?  Still looking good, at least for now… ;)

For illustration purpose only

Genting Sing: A rebound caught, selling may come soon though... Price 1.16

Exactly 2 weeks back on Friday, a note was sent when Genting Sing was still consolidating above the firm 1.04 support.

It was then at about 1.07 and a potential rebound call was sent with upside targets drawn.

Of course downside risk  was accessed as well if support was to break down with a fall to 1.00 likely as drawn…

See chart below what was sent out J

Over the past few days, we have seen more strength in Genting Sing even though market for pennies were still weak.

It has broke above the 1.15 resistance today with target to 1.20 still on track as drawn.

See where we are now below.

Short term uptrend still firm above 1.15 for now but…

We may see some selling returning again as we approach the 1.20….

That would not only be a good time to take some profit but perhaps also a good time to take short positions to ride the retracement down.

Only a firm price action above 1.20 can see the uptrend continue higher and for us to ride further.

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Genting Sing: Testing the 1.10 as mentioned, price 1.095. Can it do it?

Following up from call few days back, we have indeed seen Genting Sing pushed higher and indeed testing the KEY 1.10 resistance over the past few days...

Any specific price action above 1.10 can see the upwards reversal continue towards 1.20. Let’s see when the move will come...

What does the system says? Any bullish signals recently?  Hint hint...

Anyway, 1.06 support seems to be holding firmly for now which is a good sign.

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Recent Email:

Sent: Monday, April 10, 2017 9:45 AM
Subject: ******* Genting Sing: Some actions seen above 1.04.... price 1.06

For illustration purpose only

Genting Sing: Selldown back to key support, price 0.905

From previous call, has seen selling back to the 0.900 as mentioned where we are seeing some short covering….

Note that any clear move below 0.895 – 0.90 can see the sellers returning in force again where we can head to 0.85 – 0.86 next… 

Cautious long positions.

Momentum indicators are starting to reverse lower and will be more intense especially if 0.900 clears out….

Had a Bullish Exit signal 2 weeks back (for the 1ET bullish signal on 4^th Nov).

Thanks for the BULLISH Exit on the system that we manage to ride and most importantly get out when the time is right….. 

Want to be Alerted too? Click here to get in touch and Be A Client....

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Recent Emails:

Sent: Monday, December 19, 2016 11:05 AM
Subject: ****** Genting Sing: A possible reversal back down, cautious.... price 0.925

Following up from previous call, we have seen Genting Sing traded to a high of 1.04 and profit taking began. From the system, we actually had an exit signal 2 weeks back (for the 1ET bullish signal on 4^th Nov). System aside, today, we have seen it break below the 0.93 – 0.94 support that it has been holding above for about a month.  

Sent: Wednesday, December 07, 2016 9:52 AM
Subject: ******* Genting Sing: May be attempting a firm move above 1.00 soon, price 1.005 - No EXITS on system fyi

 For illustration purpose only

Genting Sing: May be attempting a firm move above 1.00 soon, price 1.005 - No EXITS on system

We are starting to see some strength in Genting with it attempting to make a move above the key 1.00 resistance level.

Has been consolidating from 0.94 to 0.99 for more than 2 weeks and some actions see today at a new recent high at 1.01.

Any distinct price action above this level can see us taking long positions for the upside to continue further after this minor consolidation with target to 1.05 then 1.08 next.

Uptrend is still looking good above 0.94 with buyers coming back on each slight dip so far, let’s see.

Apart from recent emails sent…

From my system, just to share that we had a 1ET BULLISH SIGNAL on 4^th NOV 2016…..

Entry price at 0.86 and there are still NO EXITS yet….

PTI Graduates can check to see when the signal will come out if still holding….   Congrats...

For illustration purpose only

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Recent Emails:

Sent: Tuesday, November 29, 2016 9:19 AM
Subject: ****** Genting Sing: Back to consolidation support for now, price 0.945, could be a rebound back up again, need a plan though

Sent: Tuesday, November 22, 2016 9:48 AM
Subject: ******* Genting Sing: Some profit taking seen near 1.00, but may still be good to go, price 0.975

Sent: Monday, November 21, 2016 9:20 AM
Subject: ********** Genting Sing: A breakout seen, may test 1.00 next, price 0.955

For illustration purpose only

Genting Sing: Some profit taking seen near 1.00, but may still be good to go, price 0.985, bullish signal 2 weeks back fyi

From yesterday’s call where we spotted it at 0.955.... (See email to clients below)

We have indeed seen it trade to a high of 0.99 before some profit taking.....

Support would now be at 0.95 for now and we can still see more upside if this holds, likely to consolidate from 0.95 to 1.00 for now before we see more directions.

Any clearing above 1.00 can see the upside continue to 1.05 and we can start to see a reversal in progress in the mid to long term too.

Congrats to those who managed to lock in some profits yesterday.... We may ride more if price action allows again....

Just to share that we actually had a 1ET BULLISH ENTRY SIGNAL about 2 weeks back, Entry price at 0.86.... PTI graduates can check......

Is there an EXIT for that signal yet? Secret!

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Recent Email:

Sent: Monday, November 21, 2016 9:20 AM
Subject: ********** Genting Sing: A breakout seen, may test 1.00 next, price 0.955

After trading below the key 0.900 resistance level for more than a year, finally we have seen some actions last week with it staging a clear move above. We are seeing it pull away from the new support at 0.900 now with it likely to test 1.00 next. Short term uptrend intact with it holding above 0.95 now with momentum indicator also showing strength. Would be good to lock in some profits near 1.00 where we can see some selling again.

For illustration purpose only

Genting Sing: Almost hitting target at 0.90, price 0.875, good to lock in some gains first.

Following up from Friday’s call, we have indeed seen a clear move above the 0.82 resistance with buyers taking it up further.

Spotted at 0.81 on Friday..

As mentioned in Friday’s note, looks set to head towards 0.88 – 0.90 today with it pulling higher from Friday’s high.

We may start to see some profit taking near these levels so also good to lock in some profit and reassess.

Quite a good run indeed over the past 2 days. Were you a part of it? Not yet? Be a client, click here

Congrats to those who have profited!

Anyway, any clear price action above 0.900 can see the upwards reversal continue and we are prepared to ride again if that happens. J

Looking at the Arrow drawn on the chart on Friday morning (see below)…. And then looking at the real price chart today….

Just feel happy to see that it matches… ;p

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Recent Email:

Sent: Friday, November 04, 2016 9:25 AM
Subject: *********** Genting Sing: Spiked up to key resistance, price 0.81

For illustration purpose only