OCBC Bank: False Breakout?

OCBC Bank has broken $10.50 resistance recently. This $10.50 resistance is also the Ascending Triangle resistance. If this is a real breakout, price target for OCBC Bank is about $11.10.  Take note that there is no spike in volume to support this breakout. Is this a successful breakout or a false breakout? We will only know the answer after the earning release on Feb 11.

Original post by Marubozu from My Stocks Investing Journey.

2015Feb6-OCBC Bk-800x600

Current P/E Ratio (ttm) 10.1169
Estimated P/E(12/2014) 11.1864
Relative P/E vs. FSSTI 0.6783
Earnings Per Share (SGD) (ttm) 1.0438
Est. EPS (SGD) (12/2014) 0.9440
Est. PEG Ratio 1.1150
Market Cap (M SGD) 42,065.89
Shares Outstanding (M) 3,983.51
30 Day Average Volume 4,300,717
Price/Book (mrq) 1.4624
Price/Sale (ttm) 3.5757
Dividend Indicated Gross Yield 3.22%
Cash Dividend (SGD) 0.1750
Dividend Ex-Date 08/25/2014
5 Year Dividend Growth 4.56%
Next Earnings Announcement 02/11/2015

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