OCBC Bank has rebounded strongly after forming a Hammer at the Support. See previous analysis here. This Santa Claus Rally probably will continue for one more week with potential Window Dressing and Portfolio Pumping by the Fund Managers. So, watch for reversal candles when OCBC Bank get close to about $10.26 and $10.30. If the reversal does happen, the Symmetrical Triangle support will become resistance to confirm the successful breakout with price target of $8.70.

2013Dec27-OCBC Bk-800x600

Current P/E Ratio (ttm) 13.4834
Estimated P/E(12/2013) 13.2208
Relative P/E vs. FSSTI 1.0052
Earnings Per Share (SGD) (ttm) 0.7550
Est. EPS (SGD) (12/2013) 0.7700
Est. PEG Ratio 2.2156
Market Cap (M SGD) 34,944.94
Shares Outstanding (M) 3,432.71
30 Day Average Volume 3,590,167
Price/Book (mrq) 1.5837
Price/Sale (ttm) 4.1590
Dividend Indicated Gross Yield 3.34%
Cash Dividend (SGD) 0.1700
Dividend Ex-Date 08/12/2013
5 Year Dividend Growth 3.96%
Next Earnings Announcement 02/14/2014