ST Engineering: On Elliott Wave

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ST Engineering is trading a nice Elliott Wave pattern and looks like is on Wave 5 now.  However ST Engineering is currently facing a resistance at about $3.85. Whether ST Engineering can continue the Wave 5 or start the Wave A, is very much dependant on the uptrend (green line) can hold.

Key Statistics for STE

Current P/E Ratio (ttm) 20.5538
Estimated P/E(12/2012) 20.8649
Relative P/E vs. FSSTI 1.6778
Earnings Per Share (SGD) (ttm) 0.1878
Est. EPS (SGD) (12/2012) 0.1850
Est. PEG Ratio 2.8196
Market Cap (M SGD) 11,895.68
Shares Outstanding (M) 3,081.78
30 Day Average Volume 2,029,600
Price/Book (mrq) 6.9938
Price/Sale (ttm) 1.9116
Dividend Indicated Gross Yield 1.81%
Cash Dividend (SGD) 0.0300
Last Dividend 08/17/2012
5 Year Dividend Growth 0.51%
Next Earnings Announcement 02/22/2013
Continue ReadingST Engineering: On Elliott Wave

Wilmar: Pulling Back Soon?

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Wilmar seems to be rejected at 200D SMA with a Bearish Engulfing candlestick pattern on daily chart. A Hanging Man is observed on weekly chart. Both candlestick pattern point to potential reversal in coming days. Opportunity to take profit for those who already have the position and buy on retracement for those who have missed the early boat.

On bullish side, Wilmar is forming a Bullish Pennant. So, also watch out a bullish breakout if retracement does not happen.

Continue ReadingWilmar: Pulling Back Soon?

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