Up Trend Channel - My Stocks Investing

OCBC Bank: Rebounding in a Channel

Post author:Marubozu
Post published:May 17, 2015

OCBC Bank looks like rebounding from a up trend channel support but immediately facing resistance at $10.50.

Original post by Marubozu My Stocks Investing Journey.

Current P/E Ratio (ttm)	10.0990
Estimated P/E(12/2015)	10.9874
Relative P/E vs. FSSTI	0.6462
Earnings Per Share (SGD) (ttm)	1.0357
Est. EPS (SGD) (12/2015)	0.9520
Est. PEG Ratio	1.1730
Market Cap (M SGD)	41,690.96
Shares Outstanding (M)	3,985.75
30 Day Average Volume	3,709,383
Price/Book (mrq)	1.2841
Price/Sale (ttm)	3.4120
Dividend Indicated Gross Yield	3.39%
Cash Dividend (SGD)	0.1800
Dividend Ex-Date	04/30/2015
5 Year Dividend Growth	5.46%
Next Earnings Announcement	08/05/2015

City Development: Start of a New Up Trend?

Post author:Marubozu
Post published:April 18, 2015

Is City Development starting a new uptrend after rebounded from the 200D SMA support? Base on 20D and 50D SMA direction, it looks like City Development is starting a new bull round. Need to see whether $10.55 resistance turned support level can be hold to confirm the uptrend. This level is also the 61.8% Fibonacci Retracement Level if using $10.00 as 0% FR and $10.90 as 100% FR. Immediate resistance at $10.90 followed by $11.09.

There are many interesting chart patterns in City Development like Descending Triangle, Inverted Head and Shoulders, Rectangle, Channels, which can increase the winning probability. Want to learn how to increase your winning probability trades by using the reliable chart patterns? Check out High Winning Probability Trading with Chart Patterns course here.

Current P/E Ratio (ttm)	12.7611
Estimated P/E(12/2015)	15.4506
Relative P/E vs. FSSTI	0.9005
Earnings Per Share (SGD) (ttm)	0.8330
Est. EPS (SGD) (12/2015)	0.6880
Est. PEG Ratio	1.5474
Market Cap (M SGD)	9,666.79
Shares Outstanding (M)	909.39
30 Day Average Volume	1,198,430
Price/Book (mrq)	1.1963
Price/Sale (ttm)	2.5680
Dividend Indicated Gross Yield	0.75%
Cash Dividend (SGD)	0.0400
Dividend Ex-Date	04/30/2015
5 Year Dividend Growth	9.86%
Next Earnings Announcement	05/14/2015

S&P500 ETF (SPY): Expect Correction

Post author:Marubozu
Post published:December 2, 2014

S&P500 ETF (SPY) is currently trading within an uptrend channel but expecting to retrace after hitting the channel resistance.

Current PE for Russell 2000 is 18.2 (over value).

Base on past SPY chart pattern, it is not so easy to trade due to the following:

SPY is at historical high, it is risky to long at high.
It is also risky to short at the current level because SPY is still on uptrend. It will be a counter trend trade if short at this level.

Original post from My Stocks Investing Journey by Marubozu.