Sound Global: Start Up Trend?

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Sound Global broke out from a Falling Wedge and seem like starting an uptrend. Currently Sound Global is testing on the uptrend channel support. If this support holds, the stock is forming “Higher High, Higher Low” uptrend pattern. Price target for this breakout is minimum $0.80.

Fibonacci Expansion

  • 0% FR = $0.57
  • 61.8% FR = $0.64
  • 100% FR = $0.685
  • 161.8% FR = $0.756

About Sound Global

Sound Global Ltd. provides water and wastewater treatment solutions in China. The Company is involved in engineering, procurement, construction and equipment fabrication. It plans to become an integrated solutions provider through its operations management and build-operate-transfer projects.

Key Statistics for SGL

Current P/E Ratio (ttm) 9.3808
Estimated P/E(12/2012) 9.5430
Relative P/E vs. FSSTI 0.7682
Earnings Per Share (CNY) (ttm) 0.3510
Est. EPS (CNY) (12/2012) 0.3450
Est. PEG Ratio
Market Cap (M SGD) 838.50
Shares Outstanding (M) 1,290.00
30 Day Average Volume 1,658,067
Price/Book (mrq) 1.6650
Price/Sale (ttm) 1.6549
Dividend Indicated Gross Yield 1.54%
Cash Dividend (SGD) 0.0100
Last Dividend 05/15/2012
5 Year Dividend Growth
Next Earnings Announcement 02/26/2013
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Sound Global On Down Trend

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Sound Global is currently trading within a down trend channel. Also take note that the long term 200D MA is trending down. Currently Sound Global is trading below 20D, 50D and 200D MA which is also a bearish sign. Sound Global has to break the 200D MA resistance or the down trend channel resistance at about $0.78 to stop the bearish trend.

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Sound Global: Started Down Trend

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Sound Global has shown a “Lower Low, Lower High” type of bearish chart pattern. The stock is currently trading below 20D, 50D and 200D MA and the next support is $0.7 which is also the 61.8% Fibonacci Support. If this $0.70 support is broken, Sound Global will start a very bearish down trend.

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