June 20-24, FA/TA for NOL

TA for NOL,

Trend - Down
Momentum - Down
Support - 1.51
Resistance - 1.61
Volume - Slight Above Average
Candlestick - NA

From TA prospective, this is a lousy stock as indicated by my previous blog. Nothing bullish reversal is going to happen soon. But I would like to highlight the FA.

FA for NOL,

Since the start of NOL blog, I do not see any FA and TA advantage for NOL. But this round, I would like my viewer to take note of the Value Investing for NOL.

• NAV - 1.60 (now trading at 12% discount NAV, provide a safety net of 12%)
• PE - 6.6x ( now trading at attractive PE ratio at 6 - if using Benjamin Graham, simple entry rules - Earning Approach.)
• Yield - 2.9% or 0.02/share. (Yielding - not that attractive)

Historically, from TA prospective, the lowest is around 1.20-1.50 range in Oct 2009 to May 2010. So you should setup a value watch list for this stock, once there is any bullish reversal detected from TA.

FA - Qualitative Analysis,

HPH Trust (Port Operator - down from 1.07 to 0.805 - trading 20% discount NAV) and those shipping liners (NOL) are undergo a strong round of correction due to the poor economy forecast on shipping line coupled with high oil prices and more ships being built. This will marginalize profit.