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


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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
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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