Genting's up-date

Recently there have been many warnings against Genting like "you go in you die" that kind of curse. So my contrarion half got a brief look at the chart again.


Fig 1 Genting International Daily Chart

Unlike what I saw last Thursday, there is a divergence on the RSI (forget Stochastic because it is much slower in recating to the market). I think its now worth going in.

Addition to that, its downward movement completing a 5 wave pattern, this indicates a counterwave for the next move. Although it may rebound, it might stop at resistance of around 1.03. But no matter what, SGD0.20 is better than nothing.