Search Results for: ocbc 360

OCBC: Hammer at Support!

OCBC formed a hammer at 38.2% (61.8%) Fibonacci support with a confirmation candle. RSI is oversold. My Technical Analysis class students should know what does it mean. Draw a 0%-100%-61.8% Fibonacci Level to derive the price target of this retracement. Take note that OCBC has just started a new down trend after breaking down from a Symmetrical Triangle. There may be a swing trade opportunity if … [Read more...]

OCBC Bank: Consolidating in a Symmetrical Triangle

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 http://mystocksinvesting.com Key Statistics for OCBC Current P/E Ratio (ttm) 9.3389 Estimated P/E(12/2013) 13.1455 Relative P/E … [Read more...]

OCBC Bank: Trend Reversal

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 … [Read more...]