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!
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 |
| ... |
