Recent Posts - My Stocks Investing

Bank of America (BAC): Breakout from Ascending Triangle

Post author:Marubozu
Post published:December 24, 2012

Technical Analysis on Bank of America (BAC)

BAC broke out from Ascending Triangle at $10.00 and heading towards the breakout target price of $12.00 (also 161.8% FR)
RSI = 75 overbought region.
Currently BAC has reversed to uptrend (above 20D, 50D and 200D SMA).
Too late to chase now. Wait for the retracement back to $10.00 to test the resistance turned support for a better entry point.

Key Statistics for BAC

Current P/E Ratio (ttm)	18.5082
Estimated P/E(12/2012)	19.6348
Relative P/E vs. SPX	1.2722
Earnings Per Share (USD) (ttm)	0.6100
Est. EPS (USD) (12/2012)	0.5750
Est. PEG Ratio	2.0668
Market Cap (M USD)	121,684.50
Shares Outstanding (M)	10,778.08
30 Day Average Volume	159,106,896
Price/Book (mrq)	0.5535
Price/Sale (ttm)	1.1136
Dividend Indicated Gross Yield	0.35%
Cash Dividend (USD)	0.0100
Last Dividend	12/05/2012
5 Year Dividend Growth	-55.91%
Next Earnings Announcement	01/17/2013

COSCO: Bottoming out?

Post author:Marubozu
Post published:December 22, 2012

Is COSCO finding a bottom and reversing the trend? Not yet. Need to wait for the following patterns to happen:

Breakout from the down trend channel and stay above the down trend channel resistance.
Stay above 20D and 50D SMA.
Go above $0.93 which is the neckline for an Inverted Head and Shoulders.

Base on current chart, looks like COSCO is finding a good support at $0.855.

Key Statistics for COS

Current P/E Ratio (ttm)	16.3569
Estimated P/E(12/2012)	18.3333
Relative P/E vs. FSSTI	1.3548
Earnings Per Share (SGD) (ttm)	0.0538
Est. EPS (SGD) (12/2012)	0.0480
Est. PEG Ratio	114.5833
Market Cap (M SGD)	1,970.54
Shares Outstanding (M)	2,239.25
30 Day Average Volume	8,953,933
Price/Book (mrq)	1.5700
Price/Sale (ttm)	0.4833
Dividend Indicated Gross Yield	3.41%
Cash Dividend (SGD)	0.0300
Last Dividend	04/30/2012
5 Year Dividend Growth	-5.59%
Next Earnings Announcement	02/22/2013

Wilmar Breakout Finally?

Post author:Marubozu
Post published:December 22, 2012

Looks like Wilmar has finally breakout from a Symmetrical Triangle after so many months of consolidation (see previous analysis). The breakout is supported by a spike in volume. However, still need to wait for Wilmar to retrace to test the previous resistance turned support (at about $3.20) to confirm the breakout. Currently Wilmar is pulling back with Dark Cloud Cover candless to test the $3.20 level. Target price for this breakout is $3.60 which is also close to 200D SMA.