Home > KS Energy > KS Energy might have found its bottom

KS Energy might have found its bottom

FA seems not too bad from shareinv
PE 10.7, NAV $1.21, EPS $0.119, PB 0.89
On the FA, it seems to be buying on a 10% discount. It’d be also important to look at the cashflow and ROE.

TA
Trend down
Bullish divergence is seen at MACD with 4R1G
Stochastic is oversold and crossover
The price movement reminds me of StraitsAsia from Jan-Mar 2010. Better to wait for trendline to break to long or the horizontal one to short. If playing counter-trend, better use smaller position to test it out.

No vested interest.

2010Aug-KS Energy-800x600

Possible bottoming of the stock

*Disclaimer applies

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