Singapore Stock Expert

CWT: Sell Signal!

sgstockexpert
Publish date: Mon, 21 Apr 2014, 12:27 PM

Sell Signal: MACD cross and red bar shows, normal vol. Relative P/E ratio is lower than 1, but current P/E Ratio is higher than Dec 2014 estimation.

Entry price: $1.47

Stop loss (SL): $1.54

Take profit (TP): $1.37

Risk Reward Ratio (RRR): 1.43

Relative P/E vs. FSSTI (Bloomberg): 0.5865

Current P/E Ratio (ttm): 8.3286

Estimated P/E(12/2014): 7.9891

Discussions
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sgstockexpert

from the chart, you can definitely see a downtrend after the previous uptrend which indicate overbought. if you look at MACD crossed, red bar go below 0 level, and MACD line fall below 0 level. It will definitely a downtrend with a certain volume. In this case MACD line is still above 0 level but show good short selling trend. :)

2014-04-23 23:52

sgstockexpert

of course in this case, fundamental factor is not in advantage as CWT got a good fundamental basis in long run.

2014-04-23 23:54

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