Noble Group: Is it Time to Buy?

  • Post author:

Noble Group current price is at 3 years low. Is it a good time to buy? Currently Noble Group is forming a big Descending Triangle and finding the support at the range between $1.00 to $1.05. There are tons of resistances (20D/50D/200D SMA and Triangle resistance) above the current stock price. Current chart setup is good for shorting but not good for longing. Breaking this critical support will send Noble Group to $0.70 range. Sit tight if you are holding this stock. Definitely not good for weak heart!

2013June1-Noble Group

Key Statistics for NOBL

Current P/E Ratio (ttm) 14.4303
Estimated P/E(12/2013) 9.9076
Relative P/E vs. FSSTI 1.0655
Earnings Per Share (USD) (ttm) 0.0570
Est. EPS (USD) (12/2013) 0.0830
Est. PEG Ratio 0.6904
Market Cap (M SGD) 6,862.75
Shares Outstanding (M) 6,598.80
30 Day Average Volume 27,338,330
Price/Book (mrq) 1.0157
Price/Sale (ttm) 0.0563
Dividend Indicated Gross Yield 2.16%
Cash Dividend (USD) 0.0181
Last Dividend 05/14/2013
5 Year Dividend Growth 0.53%
Next Earnings Announcement 08/07/2013
Continue ReadingNoble Group: Is it Time to Buy?

ST Engineering: Elliott Wave A in Action

  • Post author:

ST Engineering has broken the uptrend support and started a correction. Base on the chart pattern, ST Engineering has completed Wave 5 (top at 261.8% Fibonacci Extension) and is currently trading in Wave A of Elliott Wave.

Things to look out for:

  • ST Engineering may be finding a support between $4.00 to $4.06. This is another uptrend support and also 61.8% Fibonacci Retracement support for Elliott Wave 5. If ST Engineering does rebound from this level, this indicates the end of Wave A (bearish) and start of Wave B (bullish rebound).
  • Wave B rebound will potential forming a Head and Shoulder. The resistance will be at about $4.22 and 20D / 50D SMA.
  • Watch for reversal candlestick pattern when Wave B reaches the resistance. Plan for a trade to short ST Engineering when the right shoulder is in formation.

2013June1-ST Engg-800x600

See previous Fundamental Analysis and Intrinsic Value calculation of ST Engineering here.

Continue ReadingST Engineering: Elliott Wave A in Action