Double Bottoms - My Stocks Investing

SGX: Facing Tough Resistance

Post author:Marubozu
Post published:April 16, 2014

SGX is currently facing a very tough resistance at $7.00 (Round Number Psychological Resistance). This $7.00 is also the support turned resistance & down trend channel resistance. SGX probably will trade within a Rectangle and range bound between $6.70 & $7.00 unless SGX is able to break and stay above $7.00.

Original Post by Marubozu @ My Stocks Investing Journey.

Current P/E Ratio (ttm)	21.0255
Estimated P/E(06/2014)	21.5888
Relative P/E vs. FSSTI	1.4858
Earnings Per Share (SGD) (ttm)	0.3296
Est. EPS (SGD) (06/2014)	0.3210
Est. PEG Ratio	2.0367
Market Cap (M SGD)	7,414.41
Shares Outstanding (M)	1,069.90
30 Day Average Volume	1,509,200
Price/Book (mrq)	9.1996
Price/Sale (ttm)	10.0331
Dividend Indicated Gross Yield	4.04%
Cash Dividend (SGD)	0.0400
Dividend Ex-Date	01/28/2014
5 Year Dividend Growth	-6.41%
Next Earnings Announcement	04/23/2014

Gold ETF (GLD): Is it a Good Time to Invest in Gold Now?

Post author:Marubozu
Post published:March 29, 2014

Base on the long term chart pattern, GLD has found a Double Bottoms at $115 and also broke the descending trend line resistance (Green line). Thus, it can be concluded that the down trend has stopped for the time being and GLD is currently in the sideway consolidation.

Original Post by Marubozu @ My Stocks Investing Journey.

Base on short term chart, GLD is currently retracing after finding a recent top of $133.71. Base on the Fibonacci Retracement Level and Fibonacci Fans, GLD should be finding a support between $124 to $125. If this support holds, this will be a formation of Lower High with price target $145 (161.8% FR) –> Up Trend pattern.

IBM: Trade Ideas

Post author:Marubozu
Post published:January 20, 2014

IBM is going to announce quarterly earning on Jan 21 AMC. Expect some big move on Dow Jones Industrial and S&P500 when market opens on Jan 22 as IBM has very heavy weightage on these two indices.

There are a few trade ideas after the earning.

Iron Condor: Sell Vega as IV percentile is high at 72.38%.
Short Vertical Put Spread: IBM has broken out from a Double Bottoms and tested the neckline at about $185. This is a reversal pattern and IBM may start an uptrend if there is no shock news from earning announcement.
Short Vertical Put Spread: If there is a gap down due to poor earning or poor outlook guidance, IBM will resume the down trend.

IBM Technical Analysis

IBM Implied Volatility

IBM Fundamental

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Original post by Marubozu from My Stocks Investing Journey.