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3.34 is our pivot point.
Our preference: the down side prevails as long as 3.34 is resistance.
Alternative scenario: the upside breakout of 3.34 would call for 3.42 and 3.47.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (standing respectively at 3.32 and 3.32).
Supports and resistances: 3.42* 3.34** 3.31 3.27 last 3.16 3.11** 3.06 *
// TRADING CENTRAL is a commentary service specialising in technical analysis //
lousy stock venture business in china again. doubts time must be very veri tough . Happens to know got
marine business olso... could be on speculative plays for petrobras project offer similiar back to year 2000.
BUT, one thingy for sure is UNLIKELY
Hope to date at 3.19 -3.15 for quick pump and dump play
ST Engineering today announced that ST Aerospace ( Guangzhou ) Aviation Services Company Limited has received the business licence from the Administration of Industry and Commerce of the Guangzhou Municipality to establish its aircraft repair facility in Guangzhou , China . This follows an announcement made on 20 July 2010 that ST Aerospace had concluded joint venture discussions to set up a commercial aircraft heavy maintenance facility in Guangzhou , China . ST Aerospace ( Guangzhou ) Aviation Services Company Limited is a joint venture (JV) between Guangdong Airport Management Corporation (51%) and ST Aerospace (49%), the aerospace arm of ST Engineering.
/sgx/
Grab some lots, since it hit my bottom price.
pump and dump,
st eng gone case liao,
defensive no more,
lousy stock, use for puntering only...
huat ah! defensive counter ftw
Singapore Technologies Engineering may be in focus after it said on Thursday its aerospace arm secured S$320 million ($249.4 million) worth of maintenance contracts in the fourth quarter of 2010.
// reuters //
no bet, no win no lose. today i see "falling window" although not big enough to become 3 black crow. The general view is bearish... ... See my earlier post, if 3.28 cannot takan, call for 3.20 or 3.14 .... .... wah sian, defensive stock olso LS today
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yes...still look bearish...i think next few days will stable
slade78 ( Date: 20-Jan-2011 17:22) Posted:
| careful with this one broz, still look bearish. |
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careful with this one broz, still look bearish.
oversold liao.
ST Engg hit its point of resistence at 3.40 today. With 14MA pointing downwards, this could well be an indication that ST Engg is losing oil. RSI is also losing strength.
http://sgsharemarket.com/home/2011/01/st-engineering-at-resistence/
Our pivot point is at 3.28.Our preference: rise towards 3.56.
Alternative scenario: the downside breakout of 3.28 would call for 3.2 and 3.14.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at 3.37 and 3.34). Singapore Technologies Eng is currently trading near its 52 week high reached at 3.5 on 10/11/10.
Supports and resistances: 3.61 *3.56 **3.51 3.39 last 3.32 3.28 **3.2 *
//TRADING CENTRAL is a commentary service specialising in technical analysis//
// seems like $3.58 is comin' //
did not go in, was too late and missed the ride :(
wait for other opportunities leow.
Hellow slade78, are you here ?
Did you mau or not yet.
Thank you for the reply.
It's a good try, anyway
slade78 ( Date: 13-Jan-2011 16:32) Posted:
correct me if im wrong, im seeing a wave "C" currently. |
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ST Engg closed at 3.40 today as its uptrend continues. Looking good on the charts and MACD bullish crossover could potentially happen tomorrow, to bring about a further upside.
http://sgsharemarket.com/home/2011/01/st-engineering-pending-macd-bullish-crossover/Go go go!!!
ST Eng: Deutsche issued a note maintaining Buy with TP $3.95 citing higher air traffic and capacity gains.
4Q2010 Global air traffic by passenger travels increased 9% yoy and capacity in seat miles increased 8%yoy.
IATA has also pointed to 7.5% yoy growth in capacity from planned airline increases over the nxt 6 mths. Both increased traffic and increase in capacity are expected to benefit service providers such as ST Aeropace.
ST Eng trades at trailing P/E of 21.32x, fwd P/E 21.06.
// share some good news for STE //
ST Engg closed at 3.37 on its last trading day and found support at its 14day ma. I think there is room for further upside in this counter.
http://sgsharemarket.com/home/2011/01/st-engineering-uptrend/
ok. tmr i check this one whether cross 3.38 or not. congrats on your insight. vonntan.
vonntan ( Date: 14-Jan-2011 00:23) Posted:
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