Current Technic Gas & Oil stock price looks like a good entry level both technically and fundamentally.
Technical Analysis
- The stock price broke out from a Falling Wedge with a price target of $0.63.
- The stock price came back to test the Falling Wedge previous resistance and rebounded from this resistance turned support level.
- Since then, the stock moves above 20D, 50D and 200D MA and stay above 78.6% FR support.
- A “higher high, higher low” up trend chart pattern is observed.
Fundamental Analysis (Base on latest quarter financial performance)
- Increasing Net Operating Cash Flow
- Dividend about 4.8% (base on $0.57 stock price)
- ROA = 14.9 (Annualised)
- ROE = 32.1 (Annualised)
- Order Book stands at $82 million.
- Management expect better FY2010 than FY2009 base on current order book and project schedule.
- Company shares buy back recently between $0.565 and $0.57 these few days.
- PE = 12.89 (base on $0.57 stock price) versue 2008 PE of 20.6 and 2007 PE of 26.4
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I thou hosting company will back up one?
The hosting company cannot be contacted at all!
A big lesson learnt to me!
Dou, you better back up all your data with your own hard disk also. Don't depends on the hosting company.
Bingo! Technics Oil and Gas hit target price of $0.63 after breakout from falling wedge!
Thats not a bad dividend rate