This is just an update on Genting Malaysia (4715) since my last posting on 13 August 2012, and it seems that it is on track and about to enter very crucial stage.
There is a strong upthick on the last trading day Thursday ( 30th August 2012) before the market close for the National Day holiday.
The price of Genting Malaysia is about to enter the ichimoku cloud hanging above. Once it penetrates the cloud it will face a resistance at around RM3.60. Those in the trading of shares may consider selling off at this level if he/she has bought it at around RM3.30 level as suggested in my previous posting. If this RM3.60 level is penetrated with volume then it will face a very strong resisitance at RM4.06 as indicated by the horizontal line in the chart. If one is investing in this counter, maybe it is good to hold it a while longer as it is now cum dividend of 3.8 sen less 25% tax and will only be traded ex on 22nd October 2012 which is still quite far away.
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