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Yes, the rebound has come.
Vested
I have invested @1.12 2 weeks ago.
Bad timing but the company has not bad fundamentals so i hang on to it.
Right now, the charts looks promising.
The stochastic has cut up the 20% oversold region.
MACD has slowly turning positive.
The price is now at the 78.6 fibo (1.04 - 1.05).
If it has already bottom up, it's trading in a upward channel.
But i am afraid of the 200dMA resistance and the 20dMA is pointing downwards.
Just my two cents worth. By the way, i am new in investing. Started around 9 months only. (:
Anyone vested ?? Is it already bottom up ???
My MFT said this time is true one ! reversal now !!
Base on candlestick was reversal since yesterday ? my MFT friend said one !! I told him now what TA also useless....
Broadway has slumped 19% since its results release on 27 Oct. This was mainly attributable to results which lagged analysts' estimates; mgmt tepid outlook and lacklustre guidance from HDD bellwethers such as Western Digital and Seagate.
Nevertheless, according to consensus estimates, it is currently priced at 4.7x FY10F PE, coupled with a 3.8% dividend yield. It is also attractive as a potential M&A target with positive cash flow, strong global market share of actuator arms and low valuations. There is potential for Broadway to hike its 4QFY10 dividend too.
Some risks would include a larger than expected slowdown in HDD flowing to 1HFY11. Earnings catalysts in FY11 are less exciting than in FY10 as growth normalises for its non-HDD division.
Do visit my remisier blog for a more detailed writeup on Broadway and other companies. There are also other useful information on the STI stocks and REITs too. Do drop me an email at crclk@yahoo.com.sg if you like to know the value add services which i provide to my clients.
Have a gd weekend.