Chart - Genting SP

Further to my earlier posting on 16 Aug 2010, Genting hit the technical target mentioned on 1 Sep 2010. It is now showing signs of weakness with bearish divergences and dojis appearing. While it is not showing any reversals of trends, it is possible that the stock might take a short breather in the near term before resuming its uptrend.

Chart - Genting SP

The weekly Genting chart is very bullish as it broke through its multi-year high. This is an amazing recovery from its low as Resort World Sentosa is “firing” at all cylinders. 

Let’s see if it can head towards the $1.75 technical target in the coming months.