Genting: Short Term Bullish Trade?

  • Post author:

Base on current daily chart, Genting SP looks like forming a Bullish Pennant and trading within an uptrend channel. 2/5 EMA are showing bullish signal on both daily and weekly chart. Currently Genting SP is just sitting on the 50D SMA and seems like a good support so far.

Looks like a good opportunity to have a very short trade (bullish trade) with price target of $1.46 (161.8% Fibonacci Retracement Level). Note: Genting Singapore is still on long term down trend where 200D SMA is still trending down.

 

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Special Promotion from City Index CFD

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I am using City Index for my stock trading. Currently City Index has very attractive promotion on top of the very low commission.  Don’t miss this opportunity and you can contact Rebecca.goh@cityindexasia.com to open an account to enjoy this promotion. She is also organising a training session  on 11th of September 7-9 pm to help beginners understand CFDs and FX better, as well as going through the platform. Please send Rebecca an email to register this FREE introductory training session.

 

1) CFD Promotion:

From 3 September – 28 October 2012, you can benefit from receiving SGD 80 rebate on every eight qualifying trades made through your City Index account. *TERMS AND CONDITIONS APPLY. During this period, you can receive up to a maximum of SGD 240 as a rebate.

To start receiving your rebate from City Index, simply login to your CFD trading account and place 8 qualifying trades on SGD denominated share CFD of your choice.

For every 8 qualifying trades, we will rebate SGD 80 to your CFD trading account.

A Qualifying trade is a trade that creates a new open position on a SGD denominated share CFD.

 

2) FX PROMOTION (For USD Based, Fixed Spreads Acc).

From 3 September – 30 November 2012, you can enjoy up to USD 7.50 cashback per standard round turn, with no cap on the amount of cashback you can earn. *TERMS AND CONDITIONS APPLY. Simply login to your forex account and trade as normal. If you meet the volume threshold in a month’s trading we will automatically allocate your cashback to your City Index trading account. It’s as simple as that.

 

Please contact Rebecca Goh directly (Rebecca.goh@cityindexasia.com) if you need more clarification. I can’t answer your questions here because I am not from City Index.  

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Capitaland: Elliott Wave 5 Now?

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Capitaland has been following a nice Elliott Wave with nice Fibonacci Retracement (61.8%, 161.8%). There is a change to have an almost perfect Elliott Wave 1-5 pattern if Capitaland can stay above the 20D SMA to reach the 261.8% target of $3.31. Alternatively, if Capitaland break the uptrend channel support & 20D SMA at about $3.00, the Elliott Wave has to be redrawn to be Wave C.

  • Immediate Resistance to watch: $3.15
  • Immediate Support to watch: $3.00

 

 

Key Statistics for CAPL

Current P/E Ratio (ttm) 12.1344
Estimated P/E (12/2012 ) 21.4685
Earnings Per Share (SGD) (ttm) 0.2530
Est. EPS (SGD) (12/2012) 0.1430
Est. PEG Ratio 0.7878
Market Cap (M SGD) 13,048.96
Shares Outstanding (M) 4,250.47
Enterprise Value (M SGD) (ttm) 25,638.30
Enterprise Value/EBITDA (ttm) 35.08
Price/Book (mrq) 0.8632
Price/Sale (ttm) 4.1151
Dividend Indicated Gross Yield 1.9544
Next Earnings Announcement 10/19/2012
Continue ReadingCapitaland: Elliott Wave 5 Now?