ST Engineering has broken out from the Down Trend line resistance and is showing sign of reversal pattern. Currently ST Engineering has moved above all the 3 Moving Averages but rejected at the previous support turned resistance at about $3.83. Base on the previous chart pattern, 50D SMA seems to be a reliable support and resistance when ST Engineering is trending. Wait for the pull back to 50D SMA and watch for reversal candlestick for Long position.
Original post by Marubozu My Stocks Investing Journey.
|Current P/E Ratio (ttm)||22.0985|
|Relative P/E vs. FSSTI||1.5647|
|Earnings Per Share (SGD) (ttm)||0.1706|
|Est. EPS (SGD) (12/2015)||0.1830|
|Est. PEG Ratio||5.4213|
|Market Cap (M SGD)||11,723.04|
|Shares Outstanding (M)||3,109.56|
|30 Day Average Volume||3,576,230|
|Dividend Indicated Gross Yield||2.12%|
|Cash Dividend (SGD)||0.0700|
|5 Year Dividend Growth||0.82%|
|Next Earnings Announcement||05/13/2015|
ST Engineering is currently trading in down trend and in short term consolidation. More down side expected in the coming days or weeks as ST Engineering was rejected at $3.83 support turned resistance (green) and also the 50D SMA resistance (blue). 50D SMA is rather reliable as support & resistance for ST Engineering when the stock is trending. The price target of the Symmetrical Triangle breakout is still valid. See previous stock chart analysis for ST Engineering here.
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