Today genting make the top volume again.nice up move when the market start and then when it break it support for the day it goes down and down...
Lesson learn from it, never chase a stock.I miss genting last fri.The Gap up and the nice move up which close the high of the day is fantastic. But once you miss it dont chase.Congrate to investor that buy before last Friday. You really catch a nice up move.
Yesterday it gap up again and move higher, (i dint chase the stock) some people went in yesterday. It is already very risky as you are chasing and the stock went up. Some people that second think the market dint went in yesterday, they thought that the up move on last friday is enough so they observe the market to see if there is another up move on Monday. Indeed it happen. So they went in today, hoping it will move much higher.Well it did move higher on the 1st 35 min of the opening, hit 1.68 for awhile and there it goes. 1.68 is history.
1.63 - 1.64 is the support of today...once it break it goes down n down.The immediate support which is also a very weak support now is at 1.5.
The W% is going down and is below -25. However the price pattern have not break 1.5 yet.Perhaps tomorrow it may gap down and move up and then down again.
Lesson learn is not to chase a stock.If it move up and you miss it so be it. The market is always there.There are plenty of opportunity if you have the cash.Dont because your neighbour, friends, relative or whoever earn money from this stock and you are greedy and went to chase the stock.It will hurt you.
