Genting Singapore: Range Bound for Now BUT…..

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Genting Singapore is currently trading in a Rectangle Range between $1.40 and $1.32. However, technically Genting Singapore is in a bearish region where the stock price is currently trading below 20D, 50D and 200D SMA. Base on current chart pattern, upside is very limited as there are many strong resistances at $1.35 (20D/50D SMA), $1.40 (Rectangle Resistance) and $1.42 (200D SMA). Watch out for the Rectangle breakout with next support at $1.20.

Fundamentally Genting Singapore is over value base on PE ratio and PEG ratio. There is also no catalysts to favor the bull for this stock at the moment.

Original Post by Marubozu https://mystocksinvesting.com

2013Sept6-GENTING SINGAPORE PLC-800x600

Key Statistics for GENS

Current P/E Ratio (ttm) 32.6406
Estimated P/E(12/2013) 26.1765
Relative P/E vs. FSSTI 2.6190
Earnings Per Share (SGD) (ttm) 0.0409
Est. EPS (SGD) (12/2013) 0.0510
Est. PEG Ratio 1.9390
Market Cap (M SGD) 16,321.13
Shares Outstanding (M) 12,225.56
30 Day Average Volume 20,145,130
Price/Book (mrq) 2.3835
Price/Sale (ttm) 5.7399
Dividend Indicated Gross Yield 0.75%
Cash Dividend (SGD) 0.0100
Last Dividend 05/08/2013
5 Year Dividend Growth
Next Earnings Announcement 11/12/2013
Continue ReadingGenting Singapore: Range Bound for Now BUT…..

eBAY (EBAY) Trade Idea

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Chart Pattern: eBAY is trading within a Rectangle between $50 to $58.

Target Entry: $50 (Reliable support)

Trading Strategy: Short Put Spread 45/50

  • STO EBAY Sept 13 50 Put
  • BTO EBAY Sept 13 45 Put
  • If break support, BTC EBAY Sept 13 50 Put to repair (1 month before expiry), else close both positions.

EBAY Chart

eBAY July27-2013

EBAY Fundamental

eBAY Fundamental Analysis July27-2013

Continue ReadingeBAY (EBAY) Trade Idea

Singapore Exchange (SGX): Start Down Trend?

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Singapore Exchange breakout from the Rectangle after XD date. The rebound from $7.40 was rejected by the 20D SMA (note: 20D SMA is quite a reliable support & resistance for SGX base on past pattern).  The recent support of $7.41 is the critical support to watch. Breaking this support will send SGX to the price target of about $7.175 (the 200D SMA & 161.8% FR).

Past analysis on SGX.

2013Apr30-SGX

Continue ReadingSingapore Exchange (SGX): Start Down Trend?