OCBC Bank: Trend Reversal

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.

2013Jul11-OCBC Bk-800x600


Key Statistics for OCBC

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

This Post Has 4 Comments

  1. recruit

    I find it strange why you chose not to include the uptrend line in your previous analysis.

  2. Marubozu

    I was using different time frame for my trade. When I change to longer time frame, I saw the uptrend line. I miss that uptrend line in my previous analysis.
    Do take note that everyone analyse the chart differently and planning the trade in different time frame.

  3. student

    KK, retracement now?

  4. Marubozu

    Currently OCBC is rejected at 50D SMA. Possible retracement back to $10.20 level (0%-100%-61.8%).

Leave a Reply