OCBC: Hammer at Support!

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OCBC formed a hammer at 38.2% (61.8%) Fibonacci support with a confirmation candle. RSI is oversold. My Technical Analysis class students should know what does it mean. Draw a 0%-100%-61.8% Fibonacci Level to derive the price target of this retracement.

Take note that OCBC has just started a new down trend after breaking down from a Symmetrical Triangle. There may be a swing trade opportunity if a down trend channel is formed. Price target of this Symmetrical Triangle breakout is $8.85. Good luck!

Original post by Marubozu My Stock Investing Journey

2013Dec13-OCBC Bk-800x600

Continue ReadingOCBC: Hammer at Support!

Wilmar: Rebound!

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Wilmar looks like rebounding after retracing back to uptrend channel support. $3.40 is also the 50D SMA support and also the 61.8% Fibonacci Retracement level. Expect rebound from here with medium term price target of about $4.00 (161.8% FR) as long as Wilmar continues to stay within this up trend channel.

2013Dec8-Wilmar

See previous analysis on Wilmar.

Key Statistics for WIL

Current P/E Ratio (ttm) 12.4893
Estimated P/E(12/2013) 13.5783
Relative P/E vs. FSSTI 0.9383
Earnings Per Share (USD) (ttm) 0.2230
Est. EPS (USD) (12/2013) 0.2050
Est. PEG Ratio 1.3312
Market Cap (M SGD) 22,268.79
Shares Outstanding (M) 6,399.08
30 Day Average Volume 7,207,967
Price/Book (mrq) 1.2120
Price/Sale (ttm) 0.4041
Dividend Indicated Gross Yield 1.58%
Cash Dividend (SGD) 0.0250
Dividend Ex-Date 08/16/2013
5 Year Dividend Growth 0.37%
Next Earnings Announcement 02/21/2014

Continue ReadingWilmar: Rebound!

City Development: Doji! Watch Rebound!

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City Development showed a doji candle near the Descending Triangle support. Watch for reversal pattern for a quick long trade with price target $10.00-$10.20 (Triangle resistance). City Development chart is technically bearish. Keep stop loss tight.

See previous analysis on City Development.

2013Dec8-CITYDEV-800x600

Key Statistics for CIT

Current P/E Ratio (ttm) 12.7604
Estimated P/E(12/2013) 15.3365
Relative P/E vs. FSSTI 0.9587
Earnings Per Share (SGD) (ttm) 0.7680
Est. EPS (SGD) (12/2013) 0.6390
Est. PEG Ratio 2.5171
Market Cap (M SGD) 8,911.15
Shares Outstanding (M) 909.30
30 Day Average Volume 630,533
Price/Book (mrq) 1.2250
Price/Sale (ttm) 2.7217
Dividend Indicated Gross Yield 0.82%
Cash Dividend (SGD) 0.0800
Dividend Ex-Date 08/13/2013
5 Year Dividend Growth 0.98%
Next Earnings Announcement 02/28/2014
Continue ReadingCity Development: Doji! Watch Rebound!