UOB Bank: The Scary $20

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UOB has broken down from a Wedge and currently rebound to test the previous wedge support turned resistance at about $20.00.  This $20 support turned resistance is a very significant level because it has been tested for no lesser than past 6 occasions for past 3 years. If UOB Bank is being rejected at $20 in the next few trading sessions,  the stock will officially start a bearish down trend (lower high, lower low). Bad news for investors, good news for traders!

2014Feb7-UOB-800x600

Original post by Marubozu from My Stocks Investing Journey.

UOB Bank Fundamental Data

Current P/E Ratio (ttm) 11.0598
Estimated P/E(12/2013) 11.1497
Relative P/E vs. FSSTI 0.8714
Earnings Per Share (SGD) (ttm) 1.7975
Est. EPS (SGD) (12/2013) 1.7830
Est. PEG Ratio 2.1307
Market Cap (M SGD) 31,341.37
Shares Outstanding (M) 1,576.53
30 Day Average Volume 1,967,267
Price/Book (mrq) 1.3325
Price/Sale (ttm) 3.6349
Dividend Indicated Gross Yield 3.02%
Cash Dividend (SGD) 0.2000
Dividend Ex-Date 08/26/2013
5 Year Dividend Growth 1.49%
Next Earnings Announcement 02/14/2014

VALUATION RATIOS

Company Industry Sector
P/E Ratio (TTM) 10.94 12.56 13.15
P/E High – Last 5 Yrs. 16.60 16.34 24.91
P/E Low – Last 5 Yrs. 10.38 9.54 10.17
Continue ReadingUOB Bank: The Scary $20

Swiber: Break 200D SMA Support

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Swiber is on confirmed down trend now after breakout from the wedge pattern and the 200D SMA support  The stock is currently trading in a “Lower Low, Lower High” down trend channel. Currently the stock rebounds to retest 200D SMA support turned resistance. Next significant support is predicted at $0.57 which is the 161.8% FR target.

2013Apr19-Swiber-800x600

Continue ReadingSwiber: Break 200D SMA Support

Olam: Drop below 20MA again!

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It is just a flash in the recent Olam’s rebound. After failing to test the wedge resistance at about $2.515 (also the 61.8% Fibonacci Resistance). Olam drops below 20D and 50D MA again. Need to watch whether Olam can still stay within this wedge when the stock price test the wedge resistance at about $2.20. If Olam breaks down from this wedge, the price target is $1.70.

 

Continue ReadingOlam: Drop below 20MA again!