GMG Global: Prepare for the Free Fall!

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A Triple Tops has been formed on GMG Global Stock Chart. Break down from $0.30 support level will send GMG Global to minimum price target of $0.265.

The fundamental of GMG Global does not support the current stock price. Prepare for the FREE FALL!

Financial base on FY09

  • Current PE = 229 (Base on $0.28)
  • Rolling PE = 29
  • NAV = $0.1046
  • Net Profit Margin = 2.6%
  • ROA = 0.9%
  • ROE = 1.2%
  • Current Ratio = 4.5
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OCBC Bank: Triple Tops in Formation

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OCBC’s upside look limited as the stock has reached the critical resistance level at about $9.00. This level is 52 weeks high and also the resistance of the previous up trend support.  A Triple Tops may be in formation with the same neckline extended from the previous Double Tops.  Have a close eyes to watch whether 20D, 50D and 200D MA support is strong enough. If the neckline is broken at about $8.10, the price target is $7.00.

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