tag:blogger.com,1999:blog-3686764185628666543.post970605931006357104..comments2023-10-10T03:26:30.831+13:00Comments on Share Investor: Stock of the Week - Reprise: Contact Energy LtdShare Investorhttp://www.blogger.com/profile/02150520236094812434noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3686764185628666543.post-70761307777778856202009-12-13T06:28:19.113+13:002009-12-13T06:28:19.113+13:00Interesting take by VC but they ignore Contact'...Interesting take by VC but they ignore Contact's position as a consistent earner and a horrible 2009 makes their comparisons look worse than they should.<br /><br />I expect a better 2010 for them.Share Investorhttps://www.blogger.com/profile/02150520236094812434noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-55914049493304494932009-12-13T00:00:00.536+13:002009-12-13T00:00:00.536+13:00Valuecruncher has just issued a new valuation on C...Valuecruncher has just issued a new valuation on Contact Energy. Seems they think it is overvalued by 68% using discounted free cash flow modeling.<br /><br />http://www.valuecruncher.com/companies/314SBTradeshttps://www.blogger.com/profile/05733253279331854250noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-36913431687227078812009-12-01T11:18:47.979+13:002009-12-01T11:18:47.979+13:00Look at the 2 year chart of SLG, you can see the t...Look at the 2 year chart of SLG, you can see the triangle formed (in 1st half 2008) with the base at 0.60 to 0.35, and once it broke out of the triangle, it moved 0.30 to the downside.<br /><br />That would be a fairly good example of how these patterns typically form.<br /><br />Of course, they are just patterns, and fundamentals eventually determine the stock price.SBTradeshttps://www.blogger.com/profile/05733253279331854250noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-26641584532005021262009-12-01T11:10:15.466+13:002009-12-01T11:10:15.466+13:00The immediate trend prior to the symmetrical trian...The immediate trend prior to the symmetrical triangle pattern forming was down, therefore typically the breakout would be a continuation of that trend.<br /><br />You would get a breakout to the downside, a pullback up to the support of the trend line and then follow through the downside.<br /><br />http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle<br /><br />The bottom trend line has five touch points, and the upper trend line has three touch points, which in Technical analysis would make it reliable pattern to trade. A break of the lower trendline typically would be significant.<br /><br />Of course the P/E ratio of 28 and the dividend of 7% would have to be considered before trading the downside.<br /><br />Of course if some fundamental news event were to push this chart above the upper trendline, ...SBTradeshttps://www.blogger.com/profile/05733253279331854250noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-71584538546382902312009-12-01T08:34:49.096+13:002009-12-01T08:34:49.096+13:00Hey SB, the last line of your comment intrigues me...Hey SB, the last line of your comment intrigues me.<br /><br />Why?Share Investorhttps://www.blogger.com/profile/02150520236094812434noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-4015639628235310332009-12-01T07:58:31.505+13:002009-12-01T07:58:31.505+13:00Amazing how well this chart has been following the...Amazing how well this chart has been following the trend lines. <br /><br />If one was a technical trader, they would be waiting for the breakout of the rather large multi month symmetrical triangle pattern, to determine short term trend.<br /><br />Since it is typically a continuation pattern, then one would expect it to break to the downside, based solely on the chart.SBTradeshttps://www.blogger.com/profile/05733253279331854250noreply@blogger.com