ST Engineering Forms Double Top & RetracingST Engineering hit a double top and is now pulling back. See you at 7.61.
Singapore Technologies Engineering Ltd Units Thailand Depository Receipt Repr 0.1 Sh
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ST Engineering Break $4 - Is it a Good Buy?ST Engineering's share price finally breaks $4, records a 52-week high at $4.04 today.
From what I saw on Moomoo forum. The break out signals has captured investor attention excited them for a trading opportunity.
In fundamental speaking, ST Engineering has demonstrated robust performance. Its annual revenue surpassed $10 billion, marking a 12% increase from the previous year. Net profit also saw a healthy growth of 10% to $586 million. The debt reduced by 7% records a a lower debt-to-EBITDA leverage ratio of 5.2 to 4.2.
Notably, the commercial aerospace segment experienced remarkable 31% revenue growth, surpassing the 2026 target. The order book stands strong at $27.4 billion, with $7.9 billion expected to be delivered in 2024.
Benefits from regional confrontation?
The increasing of the global arms conflicts has strengthen the demand for military supplies, leading to record-high military budgets and spending for countries like the USA, China, Japan, Singapore, Poland, etc.
To be noted that: ST Engineering isn't a pure play defence player, like Raytheon and Lockheed Martin. The management's have restructure the business segment from 5 to 4 with emphasis on city solutions and ICT.
Would you buy ST Engineering? Let's discuss
ST Engineering with more room downwardsLook like a bearish trend with more room downwards.
Support at 3.2, 3.0, 2.75 respectively and eventual target at 1.85.
As usual trade with caution.
S63 - Still in Bearish at ChannelHumbled, we would like to thanks for your support who has already liked, commented and followed us.
Your support, strengthens us, to help in analyzing the market.
S63 - Still in Bearish at Channel
LONGthere will be a breakout soon and potential long position and signs are currently shown in the lower time frame
S63 - new trend formation - possible bullish biasTarget as shown - with stop loss indication.
Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
S63 - Is it possible in formation of Head & Shoulder?With the current oil crisis, market is in sort of jitters right now... this counter seems to follow the down trend (possibly) as well. Will the head & shoulder formation plays out in short term duration? or will it break out of the current formation and become bullish?
Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
Singapore Technologies CrashChinese supply of tech has ceased, expecting this company to begin crashing soon.
-Hawk
Long St EngineeringShort term trade - Long 3.91 - entry point could had been better
Fibo Retraced, hit and rebound
TP at around 4.07$
Negatives - Month chart not positive
ST Engineering (Still Can go Higher)View On ST Engineering (25 Feb 2018)
Just a quick write up.
We may be late but it is still under strong Bullish composition.
Do not short as it may be short-lived.
If you want to long, wait patiently to go in.
It can easily go to 3.85 regions again.
DYODD, all the best and read the disclaimer too.
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Thank You!
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SGX S63 Longbuylongsell indicatorA shortsell in the making if it breaks below the sell line. Using Longbuylongsell indicator.
SGX S63 Longbuylongsell indiatorThere is a buy signal with strenghmeter showing a possible upside for ST Eng. A buy can be initiated at 3.55 if price breaks upwards, with stoploss being at 3.52 Idea from Marxbabu's Longbuylongsell indicator.
