Short term swing trades: Genting

Maybe it is too late for this trade, but we all know Genting is one of the favourites for swing trading.  It's obvious the bearishness in Genting is just way too much.  After all, how low can a stock go when half its earnings are in Singapore dollars!

The red candlestick a few days ago past the 23.6% fibonacci was overkill on the selling.  A perfect time for a move higher!

I like a trade back to RM 9 a share while getting stopped out at RM 8 a share.