Up Trend Support - My Stocks Investing

ST Engineering Rebound! Is It Time To Buy?

Post author:Marubozu
Post published:July 12, 2013

I have to re-draw the Elliott Wave count for ST Engineering because the recent rebound is still the Wave B. There is also a Mini Elliott Wave in Wave B (1-2-3-4-5) and currently hitting the uptrend support turned resistance level (green line).

For those who know Elliott Wave pattern and know how to count the Wave (1-2-3-4-5-A-B-C), you should be able to identify what is the next move! It is Wave C of the Big One and Wave A for the Small One! The Big and The Small are in the same direction! Now we just need to wait for the certain candlestick pattern to form! Happy Trading!

See last Elliott Wave count drawn for ST Engineering.

OCBC Bank: Trend Reversal

Post author:Marubozu
Post published:July 11, 2013

OCBC breakout from a Symmetrical Triangle and rebounded from the uptrend channel support (also the 38.2% FR level). The down trend is officially ended which this breakout. The minimum price target of this symmetrical triangle breakout is $10.50. As there are no clear significant resistance, the next immediate will base on the Fibonacci Retracement Level.

Key Statistics for OCBC

Current P/E Ratio (ttm)	9.5142
Estimated P/E(12/2013)	13.3935
Relative P/E vs. FSSTI	0.7293
Earnings Per Share (SGD) (ttm)	1.0910
Est. EPS (SGD) (12/2013)	0.7750
Est. PEG Ratio	1.9319
Market Cap (M SGD)	35,617.86
Shares Outstanding (M)	3,431.39
30 Day Average Volume	5,356,500
Price/Book (mrq)	1.5041
Price/Sale (ttm)	4.2132
Dividend Indicated Gross Yield	3.18%
Cash Dividend (SGD)	0.1700
Last Dividend	04/29/2013
5 Year Dividend Growth	3.34%
Next Earnings Announcement	08/02/2013

Biosensors: Testing Uptrend Support

Post author:Marubozu
Post published:March 2, 2013

Biosensors is currently testing 50D SMA and also the uptrend support. Coincidently this $1.28 is also the 61.8% Fibonacci Retracement Level. It looks like Biosensors is going to rebound from this level because a Bullish Engulfing candlestick pattern is formed at the support level.

Key Statistics for BIG

Current P/E Ratio (ttm)	15.9175
Estimated P/E(03/2013)	15.8248
Relative P/E vs. FSSTI	1.5027
Earnings Per Share (USD) (ttm)	0.0656
Est. EPS (USD) (03/2013)	0.0660
Est. PEG Ratio	1.0951
Market Cap (M SGD)	2,217.88
Shares Outstanding (M)	1,712.65
30 Day Average Volume	8,429,800
Price/Book (mrq)	1.4641
Price/Sale (ttm)	5.3599
Dividend Indicated Gross Yield	-%
Cash Dividend	–
Last Dividend
5 Year Dividend Growth	–
Next Earnings Announcement	05/29/2013

Biosensors International Group Ltd. manufactures medical devices. The Company produces drug-eluting stents used to widen narrowing arteries, critical care catheter systems, and blood pressure transducers.