Keppel Corp: Rebound from here?

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Keppel Corp is technically bearish and on down trend after breaking the 200D SMA support. The stock is currently on down trend but will be testing the the Big Rising Wedge support. This support is quite a reliable support which tested past 3 times. Watch this support closely and wait for the reversal candlestick pattern (Inverted Hammer, Hammer, Morning Star, Bullish Engulfing, Three Inside Up, etc) to long. Alternatively, KepCorp will continue to fall if this support is broken with price target of $9.00.

Note: 20D SMA looks like quite a reliable support and resistance.

20013May3-KepCorp-740x480

See past analysis on Keppel Corp.

 

Continue ReadingKeppel Corp: Rebound from here?

Is it Good time to bet on FXI iShares FTSE/Xinhua China 25 Index (ETF) ?

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Looks like China economy has bottomed up and slowly recovering. Both PMI and FXI are telling some bullish stories.

A few bullish signals on FXI chart:

  • FXI has broken the resistance of $39.33.
  • FXI is trading above 20D, 50D and 200D SMA.
  • FXI is showing “Higher High, Higher Low” uptrend pattern.
  • FXI is showing a nice Elliott Wave.
  • FXI broke out from A Rising Wedge.
Things to Watch:
  • Need to wait for FXI to retrace back to about $40 to test the resistance turned support level.
  • $40 is an entry level for a bullish trade. (Buy on Dip on an uptrend strategy).

FXI is iShares FTSE/Xinhua China 25 Index (ETF).

Top Holdings* as of 1/3/2013

NAME % OF FUND
CHINA MOBILE LTD 9.71%
CHINA CONSTRUCTION BANK-H 8.80%
IND & COMM BK OF CHINA-H 8.01%
CNOOC LTD 6.77%
BANK OF CHINA LTD-H 5.94%
CHINA PACIFIC INSURANCE GR-H 4.26%
CHINA LIFE INSURANCE CO-H 4.25%
PING AN INSURANCE GROUP CO-H 4.20%
CHINA SHENHUA ENERGY CO-H 4.07%
CHINA PETROLEUM & CHEMICAL-H 3.97%
Total 59.98%

The latest published Manufacturing PMI on Dec 31 is 50.6; a consecutive 2 months expansion.

 
HSBC Final Manufacturing PMI 51.5 show the similar 2 months expansion.
Note: PMI is economy leading indicator. 
Continue ReadingIs it Good time to bet on FXI iShares FTSE/Xinhua China 25 Index (ETF) ?

KepLand: Rising Wedge – Trend Reversal?

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Kepland is showing a Rising Wedge, a trend reversal pattern. 2/5 EMA are both bearish on daily and weekly chart. Kepland has also broken 50D SMA.

If Kepland breaks the support of the Rising Wedge, the price target of this breakout is about $3.00 or somewhere near 61.8% Finonacci Retracement Level.

Key Statistics for KPLDKey Statistics for KPLD

Current P/E Ratio (ttm) 3.4635
Estimated P/E            (12/2012            ) 12.9104
Earnings Per Share (SGD) (ttm) 0.9990
Est.            EPS (SGD) (12/2012) 0.2680
Est. PEG Ratio 0.8281
Market Cap (M SGD) 5,343.09
Shares Outstanding (M) 1,544.25
Enterprise Value (M SGD) (ttm) 7,011.75
Enterprise Value/EBITDA (ttm) 40.77
Price/Book (mrq) 0.9461
Price/Sale (ttm) 6.5463
Dividend Indicated Gross Yield 5.78%
Next Earnings Announcement 10/17/2012

Continue ReadingKepLand: Rising Wedge – Trend Reversal?