SIA Engineering broke the head and shoulders neckline ($4.90 or $4.70 depends on how you draw the neckline) and also the 200D SMA support with a spike in selling volume. Price target of this break down is minimum $4.35. Happy Shorting!
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Key Statistics for SIE
| Current P/E Ratio (ttm) | 18.8912 |
|---|---|
| Estimated P/E(03/2014) | 17.8988 |
| Relative P/E vs. FSSTI | 1.5243 |
| Earnings Per Share (SGD) (ttm) | 0.2435 |
| Est. EPS (SGD) (03/2014) | 0.2570 |
| Est. PEG Ratio | 4.0679 |
| Market Cap (M SGD) | 5,118.26 |
| Shares Outstanding (M) | 1,112.67 |
| 30 Day Average Volume | 404,100 |
| Price/Book (mrq) | 3.6705 |
| Price/Sale (ttm) | 4.4749 |
| Dividend Indicated Gross Yield | 4.78% |
| Cash Dividend (SGD) | 0.1500 |
| Last Dividend | 07/23/2013 |
| 5 Year Dividend Growth | 1.92% |
| Next Earnings Announcement | 10/30/2013 |
Hi, I asked the question on ST Engg as well. I shorted this SIA Engg also. Is the chart pattern still valid, or should I cut loss now?
@students: what do you see from the chart? where are the support and resistance?
Again, always plan before entering any trade.