NOL: Watch for a Breakout!
NOL looks like breaking out from a Symmetrical Triangle. If this breakout is successul, the price target is $2.45.
Chip Eng Seng: Forming a Symmetrical Triangle
ChipES looks like forming a symmetrial triangle ranges from 0.31 to 0.38. No big movemenent until the breakout. resistance at 0.38 and support at 0.31.
Best World – Forming a Wedge
Best World is forming a Wedge and maybe a Symmetrical Triangle. The chart pattern looks good to trade because it is moving and swinging up and down, unlike certain penny stock that the stock price never move for months! A very safe entry point is somewhere near the wedge support at about $0.30.
If everything goes wrong technically, still can hang on this stock base on the fundamental.
Base on FY2009 Financial Report
- PE = 7.25
- Net Margin = 13.3%
- ROA = 14.8%
- ROE = 17.9%
- Current Ratio = 5.1
- No Debt
- Dividend Yield = 5% (base on $0.34)