Sound Global: Start Up Trend?

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Sound Global broke out from a Falling Wedge and seem like starting an uptrend. Currently Sound Global is testing on the uptrend channel support. If this support holds, the stock is forming “Higher High, Higher Low” uptrend pattern. Price target for this breakout is minimum $0.80.

Fibonacci Expansion

  • 0% FR = $0.57
  • 61.8% FR = $0.64
  • 100% FR = $0.685
  • 161.8% FR = $0.756

About Sound Global

Sound Global Ltd. provides water and wastewater treatment solutions in China. The Company is involved in engineering, procurement, construction and equipment fabrication. It plans to become an integrated solutions provider through its operations management and build-operate-transfer projects.

Key Statistics for SGL

Current P/E Ratio (ttm) 9.3808
Estimated P/E(12/2012) 9.5430
Relative P/E vs. FSSTI 0.7682
Earnings Per Share (CNY) (ttm) 0.3510
Est. EPS (CNY) (12/2012) 0.3450
Est. PEG Ratio –
Market Cap (M SGD) 838.50
Shares Outstanding (M) 1,290.00
30 Day Average Volume 1,658,067
Price/Book (mrq) 1.6650
Price/Sale (ttm) 1.6549
Dividend Indicated Gross Yield 1.54%
Cash Dividend (SGD) 0.0100
Last Dividend 05/15/2012
5 Year Dividend Growth –
Next Earnings Announcement 02/26/2013
Continue ReadingSound Global: Start Up Trend?

Apple (AAPL): Forming a Falling Wedge

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AAPL is currently forming a Falling Wedge with resistance at about $540 & support at $500. Watch closely on AAPL because breakout from current chart pattern will trigger a big move for Apple.

A few bearish signals on current AAPL chart:

  • “Lower Low, Lower High” Down Trend pattern.
  • AAPL is trading below 20D, 50D and 200D SMA. 20D & 50D SMA are trending down and 200D SMA looks like turning down.
  • AAPL retrace back to 61.8% Fibonacci Retracement Level and rejected. Breaking below $500 support will send AAPL to 161.8% FR target of $417.58.

Although AAPL stock price is under value now but this is still not the right time to accumulate for long term investing. However, current AAPL chart is nice to trade but need to wait for the breakout, either a bullish trade or bearish trade.

Note: Earning on Jan 23, 2013.

 

Last Analysis of AAPL with Intrinsic Value calculated.

VALUATION RATIOS

COMPANY INDUSTRY SECTOR
P/E Ratio (TTM) 11.93 18.13 20.71
P/E High – Last 5 Yrs. 20.09 21.43 55.59
P/E Low – Last 5 Yrs. 14.61 10.70 11.85
Beta 1.10 1.14 0.92
Continue ReadingApple (AAPL): Forming a Falling Wedge