The China-led rout that is sending shock waves through global markets may get worse, and if it does, that’s when investors should turn back to equities, says Goldman Sachs Group Inc.’s Christian Mueller-Glissmann.
The stock strategist is neutral on global stocks — and has been since August — but he says any further drops would create opportunities to invest. He prefers European shares because they’re cheaper than U.S. ones, and the region’s companies have bright earnings-growth prospects, according to him.
Read on: http://www.bloomberg.com/news/articles/2016-01-12/stocks-may-fall-more-then-it-ll-be-time-to-buy-goldman-says
Seems to be channel breakout with good volume
Bullish MACD crossover under 0 line
Look to see if new support can be found above 20 days and 200 days moving average
Possibility of testing resistance ($3.16) tomorrow
Support is at $2.94.
Last done at $3.14. Target price at $3.28
Time frame – 2 weeks to 1 month
Investors happy with new management…? 3Q Results 7 Nov
Ho Bee Land
Bullish MACD crossover, under the 0 line
Bullish stochastic signals recently
Look to see if support can be found at $2.01 and on the 20 days moving average line (Red Line)
More volume will be good for uptrend momentum
Target at $2.14. Time frame: 1-2 months
At last done price of $2, we are looking at a good 4% yield.