Wilmar – Looks Attractive

  • Post author:

Wilmar’s current price looks attractive currently after a huge gap down due to tax accounting issue.

The current level may not be a good entry level for trading because there is a risk of forming evening star candlesticks pattern and may send Wilmar to $5.10 (61.8% Fibonacci Retracement Level).

  • Immediate support $5.76 which is a gap support.
  • Immediate resisatnce at about $6.00 which is 78.6% Fibonacci Retracement Level.

Continue ReadingWilmar – Looks Attractive

Z-Obee – Over Value

  • Post author:

The recent crash of Z-Obee price was not to my surprise because the it is predictable base on the following two observations:

  • Parabolic Curve
  • PE = 35 (base on current price of $0.36). If base on the high of $0.61, the PE is 57 which is extremely over value. At present PE of 35, the stock is still over value.

I hope this post can help people to avoid get burnt badly when chasing over value stocks especially the chart pattern is showing Parabolic Curve.

Continue ReadingZ-Obee – Over Value