SIA Engineering: Consolidate in a Triangle

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SIA Engineering is currently trading in a Triangle with no clear trend on daily chart.  Weekly chart shows SIA Engineering is moving sideway. However, need to take note that SIA Engineering has been rejected twice at 61.8% Fibonacci Retracement Level on the weekly chart. Double Tops pattern can be seen on both daily and weekly chart.

  • Current Price = $3.99
  • Current PE = 16.28
  • Rolling PE = 16.28
  • Beta (75 days) = 0.17
  • Dividend Yield = 5.23%
  • XD Date = July 23, 2012

Things to watch out:

  • Triangle support or Double Tops neckline is at about $3.90.
  • Resistance at about $4.00 followed by $4.10.
  • 2/5 EMA crossover and 20D SMA direction.

I am preparing for a bearish entry.

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Yangzijiang: Double Tops!

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A Double Tops chart pattern is observed on Yangzijiang daily chart with neckline at about $1.25. Breaking down from this reversal chart pattern will send Yangzijiang to the price target of about $1.11. Currently the stock is just trading around the neckline support. Both weekly and daily charts are bearish base on 2/5 EMA, 20D SMA. MACD shows the bull has lost the steam as well.  Another potential stock to short.

Yangzijiang Fundamental.

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UOB Bank: Start of Down Trend?

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UOB failed to form a “Higher High, Higher Low” uptrend pattern as per last analysis. The stock formed a Double Tops at about $17.60 instead and reversed to down trend since then. UOB also failed to break the neckline resistance after showing a Hammer candlestick. The stock also had a gap down and break below $16.00 support. If UOB cannot close the gap in the next few days, the stock will trade in the down trend heading towards the next 61.8% Fibonacci support of $15.23. All 3 Moving Averages (20D, 50D and 200D) are heading down. The Moving Average (2W, 4W and 12W) are also heading down in the Weekly chart.

 

Extended chart to show $17.1 is the tough support turned resistance.

Does UOB hold S$608 mln worth of Greek debt securities?

 

My Stocks Investing Journey

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