Straits Asia Resources (SAR) has hit the target price of $2.60 after the breakout (see past analysis). SAR is still on up trend but closing in 52 weeks high.
Let see whether SAR can break this $2.74 resistance.
Sinotel Fundamental Analysis
Sinotel Current Chart Pattern
Sinotel is forming a Descending Triangle with the support at $0.329. Breaking below this support level will continue Sinotel down trend. Also take note that Sinotal is currently trading below 20D, 50D and 200D MA.
In Summary, Sinotel fundamental looks good and currently price is not overvalue comparing current & Rolling PE with the past PE. As long as Sinotel can stay above $0.329, current level looks like a good entry level.
Sinomem Fundamental Analysis
Sinomem Current Chart Pattern
Sinomem is currently forming a Descending Triangle with a very strong support at $0.47 (which is also a 61.8% Fibonacci Retracement Support). Breaking below this support level will give a very bearish chart pattern for Sinomem. However, breaking out from this Descending Triangle will send Sinomem to minimum price target of $0.72. Base on current PE ratio, this stock is not over value.
Base on Fundamental & Chart Pattern Analysis, Sinomem is not for long term value investing but good for short term trading when breakout. This analysis base on my own stock selection criteria.