SIA Engineering: Head and Shoulders

  • Post author:

SIA Engineering broke the head and shoulders neckline ($4.90 or $4.70 depends on how you draw the neckline) and also the 200D SMA support with a spike in selling volume. Price target of this break down is minimum $4.35. Happy Shorting!

SIA Engineering Aug 30-2013

 

You are going to miss big time if you still do not know how to short (Sell High, Buy Low) Singapore stocks using CFD.

Want to find out more about CFD trading, click here to contact Rebecca Goh to ask for demo.

 

Key Statistics for SIE

Current P/E Ratio (ttm) 18.8912
Estimated P/E(03/2014) 17.8988
Relative P/E vs. FSSTI 1.5243
Earnings Per Share (SGD) (ttm) 0.2435
Est. EPS (SGD) (03/2014) 0.2570
Est. PEG Ratio 4.0679
Market Cap (M SGD) 5,118.26
Shares Outstanding (M) 1,112.67
30 Day Average Volume 404,100
Price/Book (mrq) 3.6705
Price/Sale (ttm) 4.4749
Dividend Indicated Gross Yield 4.78%
Cash Dividend (SGD) 0.1500
Last Dividend 07/23/2013
5 Year Dividend Growth 1.92%
Next Earnings Announcement 10/30/2013
Continue ReadingSIA Engineering: Head and Shoulders

SIA Engineering: Consolidate in a Triangle

  • Post author:

SIA Engineering is currently trading in a Triangle with no clear trend on daily chart.  Weekly chart shows SIA Engineering is moving sideway. However, need to take note that SIA Engineering has been rejected twice at 61.8% Fibonacci Retracement Level on the weekly chart. Double Tops pattern can be seen on both daily and weekly chart.

  • Current Price = $3.99
  • Current PE = 16.28
  • Rolling PE = 16.28
  • Beta (75 days) = 0.17
  • Dividend Yield = 5.23%
  • XD Date = July 23, 2012

Things to watch out:

  • Triangle support or Double Tops neckline is at about $3.90.
  • Resistance at about $4.00 followed by $4.10.
  • 2/5 EMA crossover and 20D SMA direction.

I am preparing for a bearish entry.

Continue ReadingSIA Engineering: Consolidate in a Triangle