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andrew.rosanes
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An investment analyst
  • Rotational Dump - Gaming Sector - New Generation Trading 0 comments
    Dec 19, 2012 3:39 AM

    There is a bunch of stories of over two-ish years already of Roxas boulevard, turning into casino class destination where tourist and also Filipino residents can enjoy. But as for new fresh stories I dont hear so many nowadays, Well Melco story of getting listed in Pse is fresh but theres no wow effect to me I think. If you look at technicals its been the laggard of the laggards lately , same as mining sector, So for now as from my analysis reveals, this gaming sector is set to be in bearish trend. Analysis is at chart below.

    (click to enlarge)Bloom Weekly

    (click to enlarge)Bloom Daily

    (click to enlarge)Bel Weekly

    (click to enlarge)Bel Daily

    (click to enlarge)LR weekly

    (click to enlarge)LR DAILY

    Happy Trading!

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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