Pacific Andes: Trading in A Symmetrical Triangle

Pacific Andes is currently trading in A Symmetrical Triangle for a short term. Base on the chart pattern, it looks like Pacific Andes is going to breakout soon. Long term chart is still on an up trend. Fundamentally, Pacific Andes does not have any “wow” factory base on the financial result. Current PE of 16.1 is at its fair value but considered high compared to the past 3 years average PE of 9.1. Nothing fantastic financially base on FY2009 result:

  • Net Profit Margin = 7.6%
  • ROA = 2.2%
  • ROE = 4.8%
  • Current Ratio = 1.8

$0.305 is a significant level to watch. This is also a 61.8% Fibonacci Retracement Level and all three moving averages (MA). Breaking out from this Symmetrical Triangle will send Pacific Andes to either $0.35 (78.6% FR) 0r $0.24 (38.2% FR).

This Post Has 5 Comments

  1. rubbish

    what rubbish is trading at P/E 16.1?
    on bloomberg this stock is trading now at P/E 4

  2. Marubozu

    Mr. Rubbish,
    I can trash your comment without publishing it but I choose to publish it because I find that this “rubbish” comment is educational to the readers.

    Perhaps you may want to explain why there is such a difference in PE ratio from the number you get from Bloomberg and the number I get from SharesInvestor.

    Marubozu

  3. happytrading

    Haha!!! If it’s rubbish why do you bother to come to this site in the first place. It maybe rubbish to you but pls
    don’t put someone down who is not charging you a single cent at all. Pls be graceful if you think it’s RUBBISH than I am sure you could have told marubozu in a much nicer way rite? And also you are no expert yourself your point is based on SharesInvestor web. Why don’t you come out with yours that “maybe” spectacular le….

    Cheers!!! Just sharing my opinion ONLY

  4. Marubozu

    Seems that this Mr. Rubbish only knows how to take the number and use it without understanding it.

    I will explain the difference of the PE ratio:
    FY2009 PE Ratio = 16.1 (There is only 6 months in Financial Year 2009 as the company re-adjust the financial year reporting)
    Rolling PE Ratio = 4 (Using the past 4 quarters financial report number for the calculation)

    Shareinvestor uses the financial year to calculate the PE whereas Bloomberg uses the Rolling PE.

  5. Kenny

    Haha! The Rubbish can only come out rubbish’s comment… he even calls himself as RUBBISH! So funny! ­čśÇ

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