Symmetrical Triangle - My Stocks Investing

OCBC Bank: Consolidating in a Symmetrical Triangle

Post author:Marubozu
Post published:September 3, 2013

OCBC Bank is currently consolidating in a Symmetrical Triangle and trading just above the Triangle Support. Expect rebound at current level to the Triangle resistance at about $10.50-$10.60.

Original post by Marubozu https://mystocksinvesting.com

Key Statistics for OCBC

Current P/E Ratio (ttm)	9.3389
Estimated P/E(12/2013)	13.1455
Relative P/E vs. FSSTI	0.7431
Earnings Per Share (SGD) (ttm)	1.0740
Est. EPS (SGD) (12/2013)	0.7630
Est. PEG Ratio	2.4196
Market Cap (M SGD)	34,437.33
Shares Outstanding (M)	3,433.43
30 Day Average Volume	4,124,400
Price/Book (mrq)	1.4845
Price/Sale (ttm)	4.1289
Dividend Indicated Gross Yield	3.39%
Cash Dividend (SGD)	0.1700
Last Dividend	08/12/2013
5 Year Dividend Growth	3.96%
Next Earnings Announcement	11/08/2013

Caterpillar (CAT) Trade Idea

Post author:Marubozu
Post published:August 17, 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

Direction: Bearish (Rejected at Symmetrical Triangle Resistance and 200D SMA resistance)
STO CAT Sept 13 85 Call
BTO CAT Sept 13 90 Call
If the resistance (about $87) is broken, close both legs to cut loss.
Entry Price: $86.22
Breakeven Price: $87.01
Max Profit: $603
Max Loss: $897
Reward vs Risk: 0.67
Probability Price Below Breakeven: 65%
Exit Target: CAT price near to the Symmetrical Triangle support about $81-$82 region

Chart from thinkorswim, get FREE chart here.

OCBC Bank: Trend Reversal

Post author:Marubozu
Post published:July 11, 2013

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.

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