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Monday, November 10, 2008

TA of UOB and SIA

Responding to our fellow reader Fred Ong's request I shall analyze these 2 stocks.

Without considering the general market trend (which is highly important in these few months), these are what I feel about these 2 stocks
  1. UOB
  • The trend in general is not strong, I feel that it will be heavily dependent on the STI
  • The parabolic SAR does not show a buy/sell call. I.e its neutral
  • Its in the middle of the lower and middle of the bollinger band
My conclusion: I would not trade this stock yet, till more definite trend shows. I would wait till the stock hit at least $14 before going long.

  1. SIA
  • Moving Averages are bullish
  • Went up the middle of the bollinger band ( bullish)
  • However no definite signal from the Parabolic SAR
My conclusion: I find the parabolic SAR a major indicator that I use. In this case, this indicator does not show a definite buy call. And hence I will most probably not buy it using my set of rules. Will need for it to go up to at least $12.40 before I will go long.

*Disclaimer : What ever appears on the blog is for your own reference only. It is not an investment/trading advice. It is always best to consult your personal financial adviser before parting with your money.

1 comment:

ong said...

thanks. Fred ong

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