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Today is a Good Day to Buy SinoGrandnes.
Business: Manufacturer and Supplier of Canned Fruits and Vegetables For Worldwide; In China.
Now Trading at $0.390.
1. In an Uptrend Channel with Potential High of $0.450.
2. Just Bounded Off its Support at $0.365.
3. Price is still Below 30 MA.
4. MACD Lines are about to cross and move Upwards.
5. Stochastic already moving up and just left the oversold region.
6. There is not enough information for Fundamental Analysis.
Grade: TA – 7, Overall – 3.
Stop-Loss Below: $0.380.
Target Price: $0.450.
More on my Blog at Alex Trades.
This is just my personal analysis. You invest at your own risk.
Good luck with you investment.
Sino Grandness posted a 54% rise in 3QFY10 net profit and 75% surge in 9MFY10 net profit.
Consensus analyst tp is around $0.57, dividend yield around 4%. More details, pls refer to my blog at http://ernestlim15.blogspot.com/2010/11/sino-grandness-results-review.html. I can also be contacted at crclk@yahoo.com.sg
All the best in your trading and investing.