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.
Shooting Star at 200D SMA (sloping down). Watch out for reversal! Wait for confirmation!
Original post by Marubozu from My Stocks Investing Journey.
| Current P/E Ratio (ttm) | 25.2322 |
|---|---|
| Estimated P/E(12/2013) | 28.1034 |
| Relative P/E vs. FSSTI | 1.9746 |
| Earnings Per Share (SGD) (ttm) | 0.0323 |
| Est. EPS (SGD) (12/2013) | 0.0290 |
| Est. PEG Ratio | – |
| Market Cap (M SGD) | 1,824.98 |
| Shares Outstanding (M) | 2,239.25 |
| 30 Day Average Volume | 2,803,200 |
| Price/Book (mrq) | 1.3848 |
| Price/Sale (ttm) | 0.5362 |
| Dividend Indicated Gross Yield | 2.45% |
| Cash Dividend (SGD) | 0.0200 |
| Last Dividend | 04/26/2013 |
| 5 Year Dividend Growth | -22.16% |
| Next Earnings Announcement | 11/01/2013 |
Unable to enter any trade base on last trade idea on Caterpillar as CAT did not reach my target entry price. Fortunately the chart presented me another entry level few days ago. This time is a bearish entry when CAT was rejected at 200D SMA resistance and also the Symmetrical Triangle resistance. In addition, the candlestick patterns were shouting LOUD and CLEAR at me with Shooting Star and Bearish Engulfing patterns.
Trading Strategy: Short Call Spread Sept 13 85/90
Chart from thinkorswim, get FREE chart here.