SHI in a yearly uptrend and in a 6M demand, will be looking for confirmation to the upside
Shanghai Petrochemical, full name Sinopec Shanghai Petrochemical Company Limited, a subsidiary of Sinopec, is one of the largest petrochemical enterprises in mainland China. It manufactures ethylene, fiber, resin and plastics. It pays very good dividends. This accounting year, the company has finished with losses. The economic recovery should have a very good...
I will be looking to get into this the next few days on the 30 esh level i believe if we do see anymore down side it should ony be down to lows we have tested before so around the 20 level , I may only get into half my position now and set 2 buy limits one around the 26 mark and one on the 21, This will be a very long hold as we know bears jump out of windows and...
A risky play of course but after losing over 80% of it's value due to JPMorgan selling, Covid 19 & a slowdown in sales, company has sold 2 assets & have at present around £142m in cash I believe a lot of the turmoil is already priced in ahead of results. Mcap is at £142m which means their business is valued at cash level. Very undervalued considering their cash...
I expect this gap down to be filled reasonably quickly, giving the potential for 26% profit.
could be profitable. For the oblique line take a look at the monthly/weekly
My new buy play with 1:5 R/R This one can be one of those with huge growth potential, but...let see what next Q has to say. For now, my play will be with just 500 shr and 1:5 R/R
Sinopec crossing MACD and entering positive CCI just above $46 on weekly candles. $68 by years end?
SIN is out of favor solid growth oil stock. * Pays a 7.2% dividend yearly to owners the end of June in July. * Entry below 5 year trend resistance line and discounted. * EPS is increasing at 40% * Dividends are increasing near double digits, so next year will be higher than 7.2% * Long term dividends will allow great 1x / year payout * 27% revenue change yr...
After recently bouncing off the channel resistance, this bear is just beginning - supported by the Stochastic and MACD