M1: Medium Term Up Trend Support Broken

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Medium Term Up trend ended for M1 since the up trend support level is broken. Watch for the retracement back to $3.14 (61.8% Fibonacci Level & 200D SMA). If there is a rebound from the current level, there will be a formation of Head and Shoulders. Also take note that M1 has started a short term “Lower Low, Lower High” down trend.

Original post by Marubozu @ My Stocks Investing Journey.

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Key Statistics for M1

Current P/E Ratio (ttm) 19.0698
Estimated P/E(12/2013) 18.2222
Relative P/E vs. FSSTI 1.3927
Earnings Per Share (SGD) (ttm) 0.1720
Est. EPS (SGD) (12/2013) 0.1800
Est. PEG Ratio 1.2654
Market Cap (M SGD) 3,027.52
Shares Outstanding (M) 923.02
30 Day Average Volume 805,633
Price/Book (mrq) 8.5718
Price/Sale (ttm) 2.8481
Dividend Indicated Gross Yield 3.99%
Cash Dividend (SGD) 0.0680
Dividend Ex-Date 07/31/2013
5 Year Dividend Growth 0.41%
Next Earnings Announcement 01/21/2014
Continue Reading M1: Medium Term Up Trend Support Broken

Comparison of Singapore Telco Companies Stocks

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PE ratio and Dividend Yield comparison for SingTel, StarHub and M1.

SingTel Chart

Head and Shoulders formation for SingTel stock chart, currently SingTel is testing the neckline at about $3.08 which is also a  78.6% Fibonacci Support Level. Breaking down this neckline with huge volume with confirm the pattern and may send SingTel to the price target of $2.83.

StarHub Chart

StarHub is currently testing the uptrend support at around $2.62 (also 50D MA support) to $2.65 (78.6% Fibonacci Support). Breaking these support levels indicate the end of up trend.

M1 Chart

M1 is trading at  5 years high. Although the chart still shows the uptrend but M1 is closing to the next 138.2% Fibonacci Resistance at about $2.413. Uptrend support is at about $2.274.

In summary

Upside potential (for capital gain) are limited  for SingTel, StarHub and M1 base on PE ratio comparison and chart patterns. Dividend yields are still attractive at current stock price.

Continue Reading Comparison of Singapore Telco Companies Stocks

M1: Having Difficulty to Break Resistance

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M1 upside is very limited as shown in the chart as M1 is trying very hard to break this resistance at $2.17.

If M1 break below 20D and 50D MA which is below $2.10, it may be a good time to take profit unless you want to keep M1 for dividend.

Continue Reading M1: Having Difficulty to Break Resistance