Fundamentally (Rate : 5 star !!!)
This is what I want to stress , she is a real GEM in terms of value investing.
Today closing price = 1.94
Current PE ratio = 4.67 (based on last year EPS)
TTM PE ratio =4.12
2010 ROE = 33.34%
Dividend Yield ~ 3.4%
Intrinsic value = 4.65 (based on a very conservative & discounted calculation).
Since now she is at 1.94, which is at 41% of her intrinsic, she is a real bargain and gem.
Note : OSK rated Fair Value = 3.38
Technically,
Stochastic has already given buy signal on 25/Oct but vol was not convincing then.
Today, MACD has flash a buy signal coming in (tomorrow confirm ?).
TA strategy : Breakout play
Entry =1.98 , Cut loss if break below 1.79, Profit target = 2.19.
Hi Rei
ReplyDeleteToday klci moved up to 1488 and then started descending . 1488 is F61.8 retracement from previous low. As at 11am it is finding support around 1482.
Do you think we should take profit on counters.
By the way , say Market is no good but we have a strong chart, should we still trade on the specific chart or wait.
Do you think gloves will go another round (after retracement)?
Firstly , after i buy I would stick to my trading plan without considering much of overall market. Take profit when reach profit tgt. If sometime psychological beats us due to market sentiment bad , good to take half profit even before reach tgt to control our fear . Hope this helps . For gloves stock , I don't predict , let them retrace first and let the chart tell us what action we should take by then .
ReplyDeleteThanks a lot Rei.
ReplyDeleteRei
ReplyDeleteCould you help me to look at KFIMA chart.
My opinion. KFIMA is trading in a box range (1.45-1.68).
On Friday it closed with a doji at 1)upper boll band 2)upper range of box. 3)below price resistance
I think if it breaks 1.68 strongly , then can do a trade
E>1.68. S1..64. T1.87 with immediate resistance at 1.77
But if it is bearish on Monday.. Then we wait for pullback to 1.62-1.60
Closing below 1.62 would be very bearish i.e evening star at resistance
Indicators are very bullish at the moment.