Head and Shoulders - My Stocks Investing

FTSE ST Real Estate Index: Elliott Wave B ended?

Post author:Marubozu
Post published:July 21, 2013

FTSE ST Real Estate is showing a Elliott Wave pattern. Currently the index is trading in a Wave B. Wave C (bearish wave) will start if the index break the support of 733.5. It is important to monitor the FTSE ST Real Estate Index because we can detect whether there is any strength or weakness in property counters to plan our trade.

Analysis by Marubozu https://mystocksinvesting.com

If the sector is weak, we can look for the Top 10 components stock to short by looking at the individual stock chart.

FTSE ST Real Estate Top 10 Companies

Look at Hongkong Land’s chart and you can see the weakness of the stock. The stock is trading in a down trend channel.

Although Global Logistic Properties (GLP) is still on uptrend but be cautious that a Head and Shoulders may be in formation.

Capitaland’s chart is bearish and trading in down trend.

Yanlord: Start Down Trend

Post author:Marubozu
Post published:March 8, 2013

Yanlord has broken out from the Head and Shoulders and rebounded to test the neckline at about $1.50. The current rebound has halted after Yanlord showed a Doji candle. If Yanlord cannot go above this neckline resistance and turn down with a bearish candle, Yanlord will continue the down trend. Take note that Yanlord has formed a “Lower High, Lower Low” down trend channel. Immediate support is $1.405 (61.8% FR) followed by $1.32 (200D SMA).

Previous analysis on Yanlord.

Yanlord: Time to Take Profit

Post author:Marubozu
Post published:February 24, 2013

Yanlord has been on bull trend for the past few months but it is time to take profit or reverse to short the stock after a Head and Shoulders, a reversal chart pattern is formed. Also take note that a “Lower Low, Lower High” down trend pattern started to show on Yanlord chart. Neckline support is at about $1.52.

Also take note that a Bullish Engulfing candlesticks was formed at the support indicate a possible rebound on next trading session. This presents good opportunity to short Yanlord on rebound.

Key Statistics for YLLG

Current P/E Ratio (ttm)	6.3179
Estimated P/E(12/2012)	14.8328
Relative P/E vs. FSSTI	0.6036
Earnings Per Share (CNY) (ttm)	1.2322
Est. EPS (CNY) (12/2012)	0.5250
Est. PEG Ratio	1.3363
Market Cap (M SGD)	3,010.80
Shares Outstanding (M)	1,948.74
30 Day Average Volume	4,685,900
Price/Book (mrq)	0.9669
Price/Sale (ttm)	1.4602
Dividend Indicated Gross Yield	-%
Cash Dividend (SGD)	–
Last Dividend	05/16/2012
5 Year Dividend Growth	–
Next Earnings Announcement	02/28/2013