This is no longer sideway movement as KLCI is ready to move lower.
Wednesday, May 28, 2008
9:11 am - Genting has officially broke below the major support
If you look back at Genting, as soon as it break 200MA (white line), Genting never look back to go South and this around, it break major support at rm5.90/rm6.00 again.
If you want to buy, look to buy at rm 5.00 and rm 4.00.
Genting is in bad shape. Dividend yield for Genting is less than 1.5%. Stay out !
9:06 am - BJ Toto is well supported at Rm 4.85
I suspected someone "big player" is buying at the support. If you had not sold partial of BJ Toto, hold it. If you have sold some of it, look for another counter.
8:44 am - KLCI last min pull up to buy large cap counter to close above 1271.0
This does not look good ! Having said that, if it is testing 1271 and close below 1271. KLCi is seem lower by fate.
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