ST Engineering: Elliott Wave A in Action

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ST Engineering has broken the uptrend support and started a correction. Base on the chart pattern, ST Engineering has completed Wave 5 (top at 261.8% Fibonacci Extension) and is currently trading in Wave A of Elliott Wave.

Things to look out for:

  • ST Engineering may be finding a support between $4.00 to $4.06. This is another uptrend support and also 61.8% Fibonacci Retracement support for Elliott Wave 5. If ST Engineering does rebound from this level, this indicates the end of Wave A (bearish) and start of Wave B (bullish rebound).
  • Wave B rebound will potential forming a Head and Shoulder. The resistance will be at about $4.22 and 20D / 50D SMA.
  • Watch for reversal candlestick pattern when Wave B reaches the resistance. Plan for a trade to short ST Engineering when the right shoulder is in formation.

2013June1-ST Engg-800x600

See previous Fundamental Analysis and Intrinsic Value calculation of ST Engineering here.

Continue ReadingST Engineering: Elliott Wave A in Action

Singapore REITs Comparison Table for Dividend Investing as Passive Income – June 2013

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Finally Singapore REIT started selling off and SREIT P/B drops from 1.22 to 1.12. Is it good time to get in now as what The Straits Times (June 1, 2013) suggested? Personally I have cleared all my REIT portfolio and wait for a good opportunity for Great Singapore Sales. However I don’t think this is the right time to get in yet base on 3 reasons:

  • Fundamentally the current REIT is NOT cheap and still over value base on NAV.
  • Technically most REIT has broken the uptrend support and starting a bearish trend.
  • Distribution yield will drop if there is increase in interest rate.

StraitsTime Jun12013

 Added Croesus Retail Trust.

Singapore REIT stock comparison 1-June-2013

Compare to last month SREIT comparison table:

  • Price/NAV decreases from 1.22 to 1.12.
  • Dividend Yield increases from 4.97% to 5.6%
  • Gearing Ratio increases from 32.92% to 33.27%

Doing Fundamental Analysis of Singapore REIT is relatively easier than stock. If you are interested to learn how to do research on Singapore REIT and also time the entry / exit by learning the simple Trend Analysis, you may want to check out my 1st public tutorial “How to pick Singapore REIT for Dividend Investing” .

Disclaimer applied. I am NOT a certified Financial Advisor and NOT making any Buy or Sell recommendation. The above article is just my OWN analysis and PERSONAL opinion.

Continue ReadingSingapore REITs Comparison Table for Dividend Investing as Passive Income – June 2013