OCBC rejected at the previous resistance turned support level (purple line) with an Evening Star reversal pattern. Expect short term pull back to $10.00 long term up trend support line at about $10.00.
A good shorting opportunity for OCBC stock with high reward versus risk ratio.
Note: Earning Release on July 31, 2015.
OCBC Bank rebounded from the uptrend support with a bullish engulfing reversal candlestick pattern. However OCBC will be facing the down trend resistance line at $10.25. Take note that this is a Dead Cat Bounce because OCBC bank is technically bearish and on down trend.
Original post by Marubozu My Stocks Investing Journey.
OCBC Bank looks like rebounding from a up trend channel support but immediately facing resistance at $10.50.
Original post by Marubozu My Stocks Investing Journey.
| Current P/E Ratio (ttm) | 10.0990 |
|---|---|
| Estimated P/E(12/2015) | 10.9874 |
| Relative P/E vs. FSSTI | 0.6462 |
| Earnings Per Share (SGD) (ttm) | 1.0357 |
| Est. EPS (SGD) (12/2015) | 0.9520 |
| Est. PEG Ratio | 1.1730 |
| Market Cap (M SGD) | 41,690.96 |
| Shares Outstanding (M) | 3,985.75 |
| 30 Day Average Volume | 3,709,383 |
| Price/Book (mrq) | 1.2841 |
| Price/Sale (ttm) | 3.4120 |
| Dividend Indicated Gross Yield | 3.39% |
| Cash Dividend (SGD) | 0.1800 |
| Dividend Ex-Date | 04/30/2015 |
| 5 Year Dividend Growth | 5.46% |
| Next Earnings Announcement | 08/05/2015 |