Yangzijiang: Breaking out from Down Trend Channel?

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Yangzijiang is at the edge of breaking out from the down trend channel and also clear the 50D MA resistance on last two trading days. As long as YZJ can stay above the 50D MA, this shipping stock will start an uptrend. At the current stock valuation, YZJ is under value.

  • Last Done = $1.00
  • Current PE = 6.64
  • FY2009 PE =7.52
  • FY2008 PE = 12.32
  • FY2007 PE = 22.45
  • Rolling PE = 5.81
  • Sector PE = 11.9
  • Dividend Yield = 4.5%
  • FY10 Net Margin = 22.9%
  • FY10 ROA = 11.3
  • FY10 ROE = 29.8
  • FY10 Current Ratio = 1.23
  • FY10 Debt/Equity = 1.17

 

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Venture Corp: Forming Double Bottoms

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Venture is forming a Double Bottoms chart pattern with neckline at about $7.00. Price Target for this Double Bottom breakout is $7.60.  However, current candlestick pattern does not suggest the breakout soon as a Hanging Man was formed at the 50D MA resistance. If a bearish candle is form in the next trading day, an Evening Start candlestick pattern will be formed indicates a reversal to short term down trend again. Anyway, it is a good pattern to trade on Venture on either direction!

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Singapore Banks (DBS, OCBC, UOB) Getting Bullish!

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Singapore Banks stock rally after a commitment by European banks and other private bondholders to accept a voluntary 50% writedown on Greek government debt, a boost in the lending power of the euro-zone bailout fund and a 106 billion euro ($148 billion) recapitalization of European banks. All 3 Singapore Banks (DBS, OCBC, UOB) have broken out from the down trend channel and also showing a potential “Higher High, Higher Low” uptrend chart pattern. This represents a good opportunity to long the stock till the 200D MA resistance. However, the current rally is not a good entry time for the value investing base on current valuation base on Price to Book (P/B), PE comparison and PEG ratio.

 

 

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