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Otto favourable risk reward

@post trade: The black candle whack down at the closing. Think a flag formation will not be happening. Position my cutloss point at the most. Since I had a very low risk entry of 35.5c

This is the chart I’ve yet to post. Think I’ve forgotten about it. Entry at 35.5c while it is now at line resistance. Will this counter surprise us again? As of now it is have a dark cloud cover. I’m looking to enter more lots when the purple line breaks. The shallower the better to form a 5 star flag formation?

2010Sep-OTTO MARINE LIMITED-gd rr

Good risk reward entry

StanChart says Otto Marine is a favourable risk-reward stock; fair value 52 cts

Analyst: Leong Mun Wai

* We think vessel-cancellation concerns are overblown, but acknowledge that the second Mosvold vessel is at risk.

* The JV with GC Rieber will probably be dissolved and an amicable win-win solution looks likely.

* Positive transformation underway as Otto builds new businesses with recurring income and higher margins.

* We see a favourable risk-reward trade as expectations are low and potential for positive surprises is rising.

* Maintain OUTPERFORM, but new S$0.52 fair value.

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