Straits Asia Resources (SAR) has hit the target price of $2.60 after the breakout (see past analysis). SAR is still on up trend but closing in 52 weeks high.
- $2.74 is the resistance and $2.40 is the 50D MA support (also very close to the uptrend support).
- Current PE of 14.95 (base on price $2.69) is at its fair value.
- Recent stock upgrade by CS and OCBC.
Let see whether SAR can break this $2.74 resistance.