Is it a Sleeping Beauty?

Since most of the investors or contra Players are puzzle, Why the Comcorp price is not moving but "sleeping"  with so many good news around such as 

1)Advanced gasification green renewable energy generation solution

2)Intelligent lighting solution (Innovation LED)

3)Smart meter/Smart power grid solution

Besides having good Quarterly report as shown below:

and the latest news, which grabs USD42,850,000 with Government of the Republic of Guinea for 1 year contract. 

Let us have some simple fundamental analysis before proceed with Technical Analysis.

Our valuation at Price= 0.78 (closed on 12/8/16), 

PE=6.4<10 Ok

P/BV=0.9<1.5 Ok

EV/EBIT=6.8<8 Ok

is it a fair price to invest, let you as a smart investor to decide.

The above table  (taken from the iSaham) , we can see that the

1)Trailing PE is 6.3, Sector average is  12.2

2)Ev/EbitDA is 5.9, sector average is 8.4

The recommended fair value is 1.42, this means that Comcorp have a BIG room to go up as compare to peers,

but why it is not moving but SLEEPING.

Let us now look at the Technical Chart

From the Candlestick Chart,  is it Comcorp in the progress of forming Symmetrical Triangle. If it is right, there is a 2 possibilities

a)Up with Target price 0.965

b)Down with Target price 0.61

which is the most possibilities, Up or Down, let you decide.

From the above Line chart, we can see that

1)the Height of the high is getting lower

2)the Height of the low is getting higher

Can we conclude that the Comcorp is consolidating towards center point and waiting for BREAKOUT

Besides that, from the above line chart, we can see that whenever the  20 DMA and 70 DMA (point A, B & C) meet each other, the price will move up. Now let us look at the point D, the 70 DMA is moving upward (besides that, the Bollinger band is squeezing) and going to KISS 20DMA and wake up the SLEEPING BEAUTY. If it is happening, Wow, if the Sleeping Beauty able to wake up suddenly(need high volume to come in). then the Comcorp investors are laughing to the bank.

However, there is another possibility of the Chart Pattern as shown below:

The above Comcorp chart pattern seems reflect impulse wave which move in the direction of the larger degree wave. When the larger degree wave is up, advancing waves are impulsive. 

If the Comcorp pattern belongs to Elliott wave, then it requires around 5 to 6 weeks (mid of Sept 16)  to complete the pattern before rebound. 

Either Comcorp is in the Symmetrical Triangle or impulse waves, what we can conclude here is, both are in the Upside direction. Wow, then the PATIENT Comcorp investors are laughing non-stop to the Bank at the end of the trend.

Last but not atleast, Let us wait and see around 2 to 6 weeks.

Disclaimer

This is not a buy or sell call, the purpose of the article only for knowledge sharing.