KepCorp: Short Term Bearish

KepCorp rejected at the support turned resistance (uptrend line started from Dec 2011 & horizontal line at about 61.8% FR level) with a bearish closing Marubozu candle after Bearish Engulfing candles. KepCorp may be forming a Head and Shoulder pattern and reverse to a bearish trend.

Critical Support at $10.94 (50% FR & previous resistance turned support).

Critical Resistance at about $11.17-$11.22.


Original post by Marubozu @ My Stocks Investing Journey.

Current P/E Ratio (ttm) 11.1640
Estimated P/E(12/2013) 13.1310
Relative P/E vs. FSSTI 0.8368
Earnings Per Share (SGD) (ttm) 0.9880
Est. EPS (SGD) (12/2013) 0.8400
Est. PEG Ratio
Market Cap (M SGD) 19,941.65
Shares Outstanding (M) 1,807.95
30 Day Average Volume 3,092,467
Price/Book (mrq) 2.2132
Price/Sale (ttm) 1.6876
Dividend Indicated Gross Yield 3.35%
Cash Dividend (SGD) 0.1000
Dividend Ex-Date 07/25/2013
5 Year Dividend Growth -10.02%
Next Earnings Announcement 01/24/2014

Caterpillar (CAT) Trade Idea

Unable to enter any trade base on last trade idea on Caterpillar as CAT did not reach my target entry price. Fortunately the chart presented me another entry level few days ago. This time is a bearish entry when CAT was rejected at 200D SMA resistance and also the Symmetrical Triangle resistance. In addition, the candlestick patterns were shouting LOUD and CLEAR at me with Shooting Star and Bearish Engulfing patterns.

CAT Aug17-2013

Trading Strategy: Short Call Spread Sept 13 85/90

  • Direction: Bearish (Rejected at Symmetrical Triangle Resistance and 200D SMA resistance)
  • STO CAT Sept 13 85 Call
  • BTO CAT Sept 13 90 Call
  • If  the  resistance (about $87) is broken, close both legs to cut loss.
  • Entry Price: $86.22
  • Breakeven Price: $87.01
  • Max Profit: $603
  • Max Loss: $897
  • Reward vs Risk: 0.67
  • Probability Price Below Breakeven: 65%
  • Exit Target: CAT price near to the Symmetrical Triangle support about $81-$82 region

Chart from thinkorswim, get FREE chart here.

UOB Bank: Rejected at $20 Resistance

UOB rejected at $20.00 resistance with Bearish Engulfing pattern with a spike in trading volume. Is it a first sign of trend reversal? Anyway, I have shorted the stock using CFD base on my trading strategy “Buy Near Support, Sell Near Resistance” when I see a reversal candlestick pattern with a very tight stop loss just slightly above $20.00 resistance. All other technical indicators have not shown any bearish signals yet.

On a bigger scale, UOB is showing a Huge Ascending Triangle with a tough pyschological resistance at $20.00. 200D SMA support is at about $19.15.

Previous analysis on UOB Bank.


Key Statistics for UOB

Current P/E Ratio (ttm) 11.5109
Estimated P/E(12/2013) 11.6775
Relative P/E vs. FSSTI 1.0717
Earnings Per Share (SGD) (ttm) 1.7175
Est. EPS (SGD) (12/2013) 1.6930
Est. PEG Ratio 1.3011
Market Cap (M SGD) 31,134.76
Shares Outstanding (M) 1,574.85
30 Day Average Volume 2,327,567
Price/Book (mrq) 1.3577
Price/Sale (ttm) 3.6342
Dividend Indicated Gross Yield 3.03%
Cash Dividend (SGD) 0.1000
Last Dividend 05/06/2013
5 Year Dividend Growth -5.09%
Next Earnings Announcement 05/09/2013