UOB Bank: Facing Very Tough Resistance

UOB Bank is facing very tough resistance at $19.85. UOB was unable to break this resistance for past 9 occasions in 3 years. If UOB manages to break this level, the stock will face next important resistance of $20.00 (round number and psychological resistance) immediately. At current price, the downside risk is much higher than upside potential. UOB is showing a Hanging man at the resistance indicates potential reveral with uptrend support at about $19.20. Breaking this support will send UOB to $18.80 (200D SMA) followed by $18.12 (61.8% Fibonacci Retracement Level). I am waiting for the right moment to short the stock using CFD.

Key Statistics for UOB

Current P/E Ratio (ttm) 12.1782
Estimated P/E(12/2012) 11.9039
Relative P/E vs. FSSTI 1.0045
Earnings Per Share (SGD) (ttm) 1.6275
Est. EPS (SGD) (12/2012) 1.6650
Est. PEG Ratio 0.8785
Market Cap (M SGD) 31,211.52
Shares Outstanding (M) 1,574.75
30 Day Average Volume 2,226,200
Price/Book (mrq) 1.4117
Price/Sale (ttm) 3.7446
Dividend Indicated Gross Yield 3.03%
Cash Dividend (SGD) 0.2000
Last Dividend 08/30/2012
5 Year Dividend Growth -5.09%
Next Earnings Announcement 02/22/2013

This Post Has 2 Comments

Leave a Reply