Platinum is in the process of forming Bullish Engulfing at the Down Trend Support. Looks good to long after the recent 15% sell down. Trade the Dead Cat Bounce!
Note: Platinum is still on down trend. This is a Counter Trend Trade. Must Hit and Run fast!
Original post from https://mystocksinvesting.com
City Development rebound with a Bullish Engulfing (and Three Outside Up) candlestick pattern at the uptrend channel support at about $10.70. This $10.70 is a reliable resistance turned support level. The next significant level is support turned resistance at about $11.38. Current City Development chart represents a good opportunity for a short term bullish trade. This is also a good example that “Chart Pattern + Support / Resistance + Candlestick” is a much better trading strategy compare to the technical indicators like moving averages, MACD, Parabolic SAR, Bollinger Band, etc. These technical indicators still have not shown any bullish signals yet because they are lagging indicators.
Biosensors is currently testing 50D SMA and also the uptrend support. Coincidently this $1.28 is also the 61.8% Fibonacci Retracement Level. It looks like Biosensors is going to rebound from this level because a Bullish Engulfing candlestick pattern is formed at the support level.
| Current P/E Ratio (ttm) | 15.9175 |
|---|---|
| Estimated P/E(03/2013) | 15.8248 |
| Relative P/E vs. FSSTI | 1.5027 |
| Earnings Per Share (USD) (ttm) | 0.0656 |
| Est. EPS (USD) (03/2013) | 0.0660 |
| Est. PEG Ratio | 1.0951 |
| Market Cap (M SGD) | 2,217.88 |
| Shares Outstanding (M) | 1,712.65 |
| 30 Day Average Volume | 8,429,800 |
| Price/Book (mrq) | 1.4641 |
| Price/Sale (ttm) | 5.3599 |
| Dividend Indicated Gross Yield | -% |
| Cash Dividend | – |
| Last Dividend | |
| 5 Year Dividend Growth | – |
| Next Earnings Announcement | 05/29/2013 |