Based on technical consideration, Orient could be a trading BUY.
Chart 1: Orient's daily chart as at Nov 30, 2012_12.10pm (Source: Quickcharts)
Chart 2: Orient's monthly chart as at Nov 30, 2012_12.10pm (Source: Quickcharts)
Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Orient.
5 comments:
hi alex -i went in at 783 on tuesday after tracking since your last blogging.today is T3.my target is 900.any advice?
Hi alex.I went in on spsetia at 305 on wednesday.any TP on this counter?
Hi Alex,
Can your comment a bit on its fundamental also.
Tx!
Hi charles leong
You did well on Orient & SPSetia. Good luck.
Hi luckystock2
Orient's PE is at rather high at 19 times. However, there may be a reason for the breakout, which we do not know about. Sometime fundamental & technical analysis diverge and we have to make a judgment call.
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