Best World – Forming a Wedge

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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)
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SingTel – Forming a Wedge

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SingTel is currently forming a Wedge pattern. The stock is not good for long term investing using “buy and hold” strategy because the chart is showing “lower high, lower low” pattern. However, it may be a nice candidate for short term trading where I can enter the trade near the wedge support and exit near the wedge resistance.

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