OCBC is showing a Shooting Star (potential reversal candlestick pattern) at the Symmetrical Triangle’s resistance. Wait for the next candle for confirmation. Take note of the earning release date.
Previous analysis for OCBC Bank here.
OCBC Bank is currently consolidating in a Symmetrical Triangle and trading just above the Triangle Support. Expect rebound at current level to the Triangle resistance at about $10.50-$10.60.
Original post by Marubozu https://mystocksinvesting.com
| Current P/E Ratio (ttm) | 9.3389 |
|---|---|
| Estimated P/E(12/2013) | 13.1455 |
| Relative P/E vs. FSSTI | 0.7431 |
| Earnings Per Share (SGD) (ttm) | 1.0740 |
| Est. EPS (SGD) (12/2013) | 0.7630 |
| Est. PEG Ratio | 2.4196 |
| Market Cap (M SGD) | 34,437.33 |
| Shares Outstanding (M) | 3,433.43 |
| 30 Day Average Volume | 4,124,400 |
| Price/Book (mrq) | 1.4845 |
| Price/Sale (ttm) | 4.1289 |
| Dividend Indicated Gross Yield | 3.39% |
| Cash Dividend (SGD) | 0.1700 |
| Last Dividend | 08/12/2013 |
| 5 Year Dividend Growth | 3.96% |
| Next Earnings Announcement | 11/08/2013 |
OCBC breakout from a Symmetrical Triangle and rebounded from the uptrend channel support (also the 38.2% FR level). The down trend is officially ended which this breakout. The minimum price target of this symmetrical triangle breakout is $10.50. As there are no clear significant resistance, the next immediate will base on the Fibonacci Retracement Level.
| Current P/E Ratio (ttm) | 9.5142 |
|---|---|
| Estimated P/E(12/2013) | 13.3935 |
| Relative P/E vs. FSSTI | 0.7293 |
| Earnings Per Share (SGD) (ttm) | 1.0910 |
| Est. EPS (SGD) (12/2013) | 0.7750 |
| Est. PEG Ratio | 1.9319 |
| Market Cap (M SGD) | 35,617.86 |
| Shares Outstanding (M) | 3,431.39 |
| 30 Day Average Volume | 5,356,500 |
| Price/Book (mrq) | 1.5041 |
| Price/Sale (ttm) | 4.2132 |
| Dividend Indicated Gross Yield | 3.18% |
| Cash Dividend (SGD) | 0.1700 |
| Last Dividend | 04/29/2013 |
| 5 Year Dividend Growth | 3.34% |
| Next Earnings Announcement | 08/02/2013 |