Capitaland: A Nice Complete Elliott Wave

  • Post author:

Capitaland is forming a very nice & complete Elliott Wave. Technically Capitaland is starting a down trend where “Lower Low, Lower High” pattern has been formed. Current price is trading below all 20D, 50D and 200D SMA whereby 20D & 50D have started Death Cross over 200D SMA.

Previous Stock Chart Pattern Analysis on CapitaLand.

2013June22-Capitaland-Elliott_Wave

Expect more down side for Capitaland if look back at previous chart pattern. Previously Capitaland had shown Bearish Elliott Wave before. Will history repeat itself? Anyway it is not for me to guess. I will just trade base on what I see from the chart.

2013June22-Capitaland-Bull_Bear_Elliott_Wave

Continue ReadingCapitaland: A Nice Complete Elliott Wave

Starbucks (SBUX): Still Going Strong!

  • Post author:

Starbucks (SBUX) is currently trading near to all time high and still on a strong up trend in an uptrend channel. Current price is not good level to invest as the stock is over value base on PE ratio and also not a right thing to buy to buy at high. Technically there are short term trading opportunities either buy on dip or short when there is a reversal pattern.

SBUX June22-2013

 

Key Statistics for SBUX

Current P/E Ratio (ttm) 32.9051
Estimated P/E(09/2013) 29.7289
Relative P/E vs. SPX 2.1061
Earnings Per Share (USD) (ttm) 1.9660
Est. EPS (USD) (09/2013) 2.1760
Est. PEG Ratio 1.6659
Market Cap (M USD) 48,472.22
Shares Outstanding (M) 749.30
30 Day Average Volume 4,554,231
Price/Book (mrq) 9.0968
Price/Sale (ttm) 3.4888
Dividend Indicated Gross Yield 1.30%
Cash Dividend (USD) 0.2100
Last Dividend 05/07/2013
5 Year Dividend Growth –
Next Earnings Announcement 07/26/2013
Continue ReadingStarbucks (SBUX): Still Going Strong!

SPDR Gold (GLD): Break DescendingTriangle Support!

  • Post author:

Expect another round of selling of GLD after this Gold ETF broke the $130 support. Price target for this Descending Triangle breakdown is minimum $117. With the help of Fibonacci Fan, GLD may reach this target by Aug 14, 2013.

GLD June22-2013

Current trade setup to short GLD using Vertical Spread.

  • Strategy: Long Vertical Put Spread
  • STO GLD Aug13 120 Put
  • BTO GLD Aug13 125 Put
  • Breakeven @ Expiry date on Aug16, 2013 = $123.22
  • Maximum Profit = $323
  • Maximum Loss = $177
  • Reward / Risk = 1.82
  • Cut Loss = GLD goes above $130

Previous Analysis on SPDR GOLD ETF (GLD).

 

Continue ReadingSPDR Gold (GLD): Break DescendingTriangle Support!