SembCorp: Below 200D SMA

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SembCorp is technically bearish after rejected at 20D SMA with Bearish Meeting Lines candles and also trading below 200D SMA. Maybe a good opportunity to short until next significant support at about $4.74.

2013Mar1-SembCorp-800x600

Key Statistics for SCI

Current P/E Ratio (ttm) 12.4259
Estimated P/E(12/2013) 11.7753
Relative P/E vs. FSSTI 1.1729
Earnings Per Share (SGD) (ttm) 0.4217
Est. EPS (SGD) (12/2013) 0.4450
Est. PEG Ratio 37.3818
Market Cap (M SGD) 9,354.40
Shares Outstanding (M) 1,785.19
30 Day Average Volume 2,708,633
Price/Book (mrq) 2.0781
Price/Sale (ttm) 0.9187
Dividend Indicated Gross Yield 2.86%
Cash Dividend (SGD) 0.1500
Last Dividend 04/29/2013
5 Year Dividend Growth -9.50%
Next Earnings Announcement 05/08/2013
Continue ReadingSembCorp: Below 200D SMA

Olam: Another Round of Roller Coaster Again!

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Olam has been very volatile in recent weeks swinging up and down. Base on current chart, Olam is facing a tough resistance at about $2.515 (which is the down trend resistance line, 50D MA resistance and also the 61.8% Fibonacci Resistance). Olam will be turning down if the share fails to break this resistance. There was a Deaisen (Bearish Meeting Lines) candlestick pattern, which is a reversal pattern, formed at 50D MA resistance which showed Olam has failed to break the resistance. Looks like $2.00 is the next possible price target in the coming weeks.

Continue ReadingOlam: Another Round of Roller Coaster Again!