On mid-term trading and investment...
Disclaimer: The ideas expressed in this blog should not be construed as an enticement to buy or sell securities.
Thursday, 3 October 2013
Will Shanda shoot from here?
This guy has a firm support at $3.84 and an even firmer support at $2.70. The stochastic oscillator has already shown the divergence but there is a stochastic bear yet to overcome. From Yahoo:
PE = 6.2 (5-year low is 4.7 from Reuters)
PEG = 0.6 (Will be growing)
P/B = 1.4
profit margin = 25%
ROE = 24%
current ratio = 2.6
This guy looks good to me in all aspects.
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