PEC and Otto Marine

PEC -->Time to take some but not all profit ?

PEC recently had been very strong, someone is buying it on every pullback.It currently is lying at the downtrend resistance and the horizontal resistance.

TA wise , i dont think it can go much higher as RSI and stochastic have reach the overbought region.However , i might be wrong as there are no sign of divergence. If this case happened., can only rely the previous high of $0.955 and the parallel line as gauge of selling point.

Fudmentally wise , i still feel that PEC is quite undervalue stocks . I had done a analysis previously

http://sgstockstrend.blogspot.com/search/label/PEC . At current price of $0.84 , i estimate the PE to be 4.73 and P/NAV as 1.25.

I will suggest to buy PEC on pullback

Otto Marine --> Breakout or Breakdown in the making ?

Otto marine had been trading sideways since 11/06/2010 with a range of $0.40 and $0.44.It also formed a base of support of $0.405,which coincidently concide with the fibo 38.2% [double support].Other than that, it had broken out from the down trend line too. However , one bad thing i notice is that it had done a dead cross of EMA50 cutting into MA200.I am vested in it so *fingered crossed*. It might take sometime to have a breakout due to the high OS of 1.8billion shares, as compared to marco.

Fundmentally , i am pinning on the hope that it's subsidiary, Reflect to win more contracts.Anything to note is that i notice that its management is trying to find ways to expand it's business. The 1st sign is increasing stake in Reflect and the 2nd is that it had invest into Hako offshore.