April 30- stock monitoring

SHNG

This should be too early for me to call that SHNG will be out of my active monitoring since it had already pass way above my suggested support level of 3.70. 
Twice it became a resistance before it was breached last 29/04 when it reached an intraday high of 3.94 and closed at 3.84..the following day it held strongly on the same closing price.. Checking on fibo retracement 3.70 falls on 50% which is good to go for me as a strong bounce should price retrace. 

Should 3.70 is incase tested and held consider shng to be out of my active monitoring.

SPC

There is good numbers and promising outlook for spc in the next half of this year. Coming June is also for the expectation of dividends but this is normal. I am positive for spc to acquire Naga plant which is scheduled for bidding in the second half of the year- according to PSALM

While the annual report was released just this week consequently the trading of spc became relatively active (above 10EMA) 

There is an ATR KIM selling intermittenly. I can only conclude that his selling is not to scare out potential buyers but rather to test whether there is a buying pressure or not. However, buying pressure being not evident for the moment, the strong support at 5.0 proves that there are others who understand spc is not normal to go below 5.0/share considering the good news coming soon. That should convince ATR KIM later on that the news through financial statement was absorbed positively by these buyers ready to hoard and protect price above 5.0/share. Only awaiting for one party to lead the buy up.

EPS:   0.67
Price: 5.0
PE:    7.46X


Happy Investing