My Stocks Investing Journey » Hyflux

Singapore Stocks with High PE Ratio to Short!!

Marubozu — Fri, 05 Aug 2011 08:22:16 +0000

The selling off is bloody.. the US GDP and Job Data are lousy!

China last PMI shows China’s economy is contracting.

Debts in Europe and US are still not solved yet…. only prolong the pain …

For those who know how to short in the bearish market, they will make a lot of money if they know how to short. I am searching for stocks with high PE ratio to short because it has more downside potential (YES! I use downside “potential” now instead of downside risk”). Feel free to contribute your shorting list here…

My Shorting Watchlist

Singapore Exchange (SGX): PE = 25.8 @$7.13
Straits Asia Resources (SAR) PE = 26.4 @$2.64
Hyflux PE = 18.3 @ $1.885
Q&M Dental PE = 55.3 @$0.81
Wilmar PE = 21.1 @$5.62
CapitaMall PE = 21.6 @$1.83
DBS PE = 20.9 @$14.54
Genting Singapore Rolling PE = 29.5 @$1.79
Goodpack PE = 19.1 @$1.815

Hyflux: Upside Limited

Marubozu — Mon, 09 May 2011 15:54:12 +0000

Hyflux has limited upside as the stock has a tough 200D MA resistance (also the 78.6% Fibonacci Resistance) to break. Next support is seen at 61.8% Fibonacci Retracement level at about $1.85. Breaking below this $1.85 will kick start down trend for Hyflux.

Hyflux: On Down Trend

Marubozu — Sun, 12 Sep 2010 07:07:17 +0000

Base on the chart pattern, Hyflux is currently trading within a Down Trend Channel. Hyflux will be facing a strong resistance between $3.20 to $3.25 which is a down trend channel resistance and also the 200D MA resistance. $2.80 which is a 61.8% Fibonacci Retracement support level may be a good entry point for long term investment in view of the company’s core competency in water treatment system and potential huge growth prospect.

Hyflux: Testing 78.6% Fibonacci Retracement Resistance

Marubozu — Wed, 28 Jul 2010 07:36:24 +0000

Hyflux is currently testing 78.6% Fibonacci Retracement Resistance at about $3.20. Hyflux bounced off 50D MA support and break 20D MA resistance recently. If this 78.6% FR resistance is broke, the next immediate resistance is $3.25. Hyflux has to break $3.40 (the previous high) to start an uptrend (i.e. higher high, lower high uptrend pattern).

Can Hyflux Break this Resistance?

Marubozu — Fri, 11 Jun 2010 13:08:35 +0000

Hyflux is facing an important support turn resistance level to break at about $2.90. This level was the previous supports on 4 occasions. Failing to break this resistance will continue Hyflux down trend as a pattern of lower high, lower low is formed.

Hyflux – Forming a Right Shoulder?

Marubozu — Tue, 10 Nov 2009 10:13:00 +0000

Hyflux appears to be forming a right shoulder. The downward target is $2.60 if the stock price breaks the neckline of $2.90. Hyflux has been on uptrend since Mar 2009, it needs a correction back to $2.475 (61.8% Fibonacci Retracement Level) for a long term healthy up trend.