OCBC: Evening Star Reversal!

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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.

OCBC July27-2015

A good shorting opportunity for OCBC stock with high reward versus risk ratio.

Note: Earning Release on July 31, 2015.

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OCBC Bank: Rebound from Up Trend Support

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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.

2015June12-OCBC Bk-800x600

Original post by Marubozu My Stocks Investing Journey.

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OCBC Bank: Rebounding in a Channel

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OCBC Bank looks like rebounding from a up trend channel support but immediately facing resistance at $10.50.

2015May15-OCBC Bk-800x600

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
Continue Reading OCBC Bank: Rebounding in a Channel