Genting International 001
My first post for my investing journey. Still trying to pick up many things but I guess it’s always a good way to start talking about the stocks i am currently having in my possession.
I bought this counter on its high side with it’s PE of 88. A little risky for short term but i figure Genting has long term potential due to the IR in Singapore.
It’s worthy to note just before the price shot up to 90 over cents, the bollinger band shrinks to a narrow width. It is said that we ought to watch out when this happens because it precedes a big chart movement.
After shooting past 95 cents, above the upper band of the bollinger graph, it’s pretty obvious that the price will be depressed back into the band region. Statistical theory would suggest so as the price moved way past its mean.
So much more I don’t understand yet.
