The H&S in Genting's chart does not look like an inverted one. It's more like an upright one which suggests it may be a bearish pattern rather than a continuation pattern. There could however be a symmetrical triangle forming at the same time and time will tell if the upper or lower trendline (incidentally the H&S neckline) will be penetrated 1st, which will confirm the trend for us.
just telling it as i'm seeing it too...as of now, the price is still hugging the downtrend line at low volume pending a breakout. not vested in genting though but good luck to you nonetheless.
Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!
Without bear markets to take stock prices back down, anyone waiting to “buy low” will feel completely left behind—and, all too often, will end up abandoning any former caution and jumping in with both feet. ---- Time to celebrate the bear market, it let you buy low in once of the hundred years now! (Note 20 May 2009: with market playing with V-shaped recovery, it is not that cheap now anyway) ---- Now: 10 October 2009, the same idea still around the market but we are challenging STI2700 now! 2800 now (25 Nov 09)
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The H&S in Genting's chart does not look like an inverted one. It's more like an upright one which suggests it may be a bearish pattern rather than a continuation pattern. There could however be a symmetrical triangle forming at the same time and time will tell if the upper or lower trendline (incidentally the H&S neckline) will be penetrated 1st, which will confirm the trend for us.
just my 2 cents worth...
Thanks for your comment.
I think I get what I want to see this afternoon as per my post:
http://investsgx.blogspot.com/2009/10/genting-post-listing-of-right-share.html
The market decide, I follow. :-)
just telling it as i'm seeing it too...as of now, the price is still hugging the downtrend line at low volume pending a breakout. not vested in genting though but good luck to you nonetheless.
Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!
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