Will STX OSV Go Below IPO Share Price?

  • Post author:

STX OSV has been in a very fierce selling off since breaking the neckline support of a head and shoulder pattern. Will STX OSV go below the IPO price of $0.79? If yes, what is the target price? Using Fibonacci Retracement is able to predict the next support below the IPO price:

  • $0.557 (123.6% FR)
  • $0.444 (138.2% FR)
  • $0.353 (150% FR)

Time will tell whether this Fibonacci Retracement works.

Continue ReadingWill STX OSV Go Below IPO Share Price?

Global Stock Market Indices PE Ratio At a Glance

  • Post author:

Quite surprise to see that Singapore Straits Times Index has the lowest PE in this comparison. Behind these numbers there are two important indications:

  1. Those blue chip companies listed in Singapore Stock Exchange still have very healthy earning. Note: Past EPS (Earning Per Share) is NOT the future EPS. It is important to see whether the future earning is sustainable for these companies.
  2. If the EPS is still sustainable, STI will probably rebound the fastest when the global economy and stock market recovers. This indicates the upside potential is huge compare to other stock market indices because STI is under value now.

Source: Bloomberg

Last year PE Ratio.

Continue ReadingGlobal Stock Market Indices PE Ratio At a Glance