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Aiyoooooo... so bad lah you...
Good Stock!!!!
lousy stock
So sad.... like this, 9.70 akan datang..
OCBC - Technical Analysis
OCBC Bank stock is digesting the recent mid-term upthrust in choppy sideways action. The short-term technicals are neutral. The overall bias remains to the upside. Immediate trend resumption would be on the cards on a decisive break above horizontal resistance at 9.98 and the short-term downtrend line near 10.00. Next upside targets would be 10.12 and then the peak at 10.30. Possible mid-term target is located at 10.80/10.90.Violation of next support at 9.70 would likely trigger a move down towards solid mid-term support 9.36/9.42.
/DB warrants/
/exercise due diligence before trading .../
Hehhehee..... True that!
bsiong ( Date: 10-Dec-2010 15:49) Posted:
hahah....
both are right, depends which side you are on.... investor or shortist....
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hahah....
both are right, depends which side you are on.... investor or shortist....
Good Stock!
lousy stock
thanks.
bought and sold this morning after reading your info.
bought @ 9.72 and sold @ 9.78
waiting for 9.3 to come.
bsiong ( Date: 10-Dec-2010 11:08) Posted:
Hi epliew, this is for you. i am quite pessimistic abt this counter in near term, it is range bound and finding its support, in my view, at the lower trendline, where the arrow is...... good luck and happy trading. 
epliew ( Date: 10-Dec-2010 10:15) Posted:
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wow.. 9.70....
normally rebound when it hit 9.72....
can show your charts, thanks! |
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Hi epliew, this is for you. i am quite pessimistic abt this counter in near term, it is range bound and finding its support, in my view, at the lower trendline, where the arrow is...... good luck and happy trading.
epliew ( Date: 10-Dec-2010 10:15) Posted:
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wow.. 9.70....
normally rebound when it hit 9.72....
can show your charts, thanks!
bsiong ( Date: 10-Dec-2010 10:12) Posted:
OCBC - Technical Analysis
OCBC Bank is currently hovering around the flat 20-day moving average. The stock shaped an inside day in yesterday’s trading. A distinct lower wick in the candle chart is indicating demand below current levels. The bulls need to push price above 10.12 for confirmation of the valid intermediate-term uptrend. Possible upside targets are seen at 10.30 and then 10.80/10.90. A decisive break below Tuesday’s low at 9.70 would shift the near-term technical bias from bullish to neutral. Extended sideways action would be likely then. Only a sustained breach of solid support at 9.36/9.42 and then 9.22 would question the mid-term uptrend.
/db warrants
/i read i post - this is not an invitation to trade.
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why so sad ?
masterlim ( Date: 10-Dec-2010 10:26) Posted:
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lousy stock
wow.. 9.70....
normally rebound when it hit 9.72....
can show your charts, thanks!
bsiong ( Date: 10-Dec-2010 10:12) Posted:
OCBC - Technical Analysis
OCBC Bank is currently hovering around the flat 20-day moving average. The stock shaped an inside day in yesterday’s trading. A distinct lower wick in the candle chart is indicating demand below current levels. The bulls need to push price above 10.12 for confirmation of the valid intermediate-term uptrend. Possible upside targets are seen at 10.30 and then 10.80/10.90. A decisive break below Tuesday’s low at 9.70 would shift the near-term technical bias from bullish to neutral. Extended sideways action would be likely then. Only a sustained breach of solid support at 9.36/9.42 and then 9.22 would question the mid-term uptrend.
/db warrants
/i read i post - this is not an invitation to trade.
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OCBC - Technical Analysis
OCBC Bank is currently hovering around the flat 20-day moving average. The stock shaped an inside day in yesterday’s trading. A distinct lower wick in the candle chart is indicating demand below current levels. The bulls need to push price above 10.12 for confirmation of the valid intermediate-term uptrend. Possible upside targets are seen at 10.30 and then 10.80/10.90. A decisive break below Tuesday’s low at 9.70 would shift the near-term technical bias from bullish to neutral. Extended sideways action would be likely then. Only a sustained breach of solid support at 9.36/9.42 and then 9.22 would question the mid-term uptrend.
/db warrants
/i read i post - this is not an invitation to trade.
Hi, epliew, sorry i missed your msg to me.....
OCBC - Technical Analysis
OCBC Bank faced resistance at 10.12 last week on Thursday. The stock pulled back towards the rising 20-day moving average and is currently trying to stabilize around this support at 9.82. A break above 10.12 would confirm the intact mid-term uptrend. Next upside target is seen at this year’s peak of 10.30. A break above this peak would point to a continued rally towards around 10.80/10.90. A close below yesterday’s low at 9.70 would shift the short-term bias from bullish to neutral. Extended sideways action or a test of 9.42 or 9.23 would not surprise then. The longer-term outlook remains bullish unless support around 9.00 is violated.
/db warrants/-i read i post
Thanks SGG-SGG
I think this is the article.
http://www.reuters.com/article/idUSL3E6MT07920101207metaphoricsymbol ( Date: 07-Dec-2010 13:47) Posted:
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Headlines of Breaking News at 1.21 pm of the home page of Bussintess Times Online has the following:
SINGAPORE - Oversea-Chinese Banking Corp shares have surged since it reported strong third quarter earnings last month, helping it overtake rivals DBS and United Overseas Bank to become Singapore's largest bank by market cap...."
Any one has access to the article? |
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Headlines of Breaking News at 1.21 pm of the home page of Bussintess Times Online has the following:
SINGAPORE - Oversea-Chinese Banking Corp shares have surged since it reported strong third quarter earnings last month, helping it overtake rivals DBS and United Overseas Bank to become Singapore's largest bank by market cap...."
Any one has access to the article?
Yes. totally agreed with CS
enghou ( Date: 03-Dec-2010 16:46) Posted:
Credit Suisse view on Singapore Banks Outlook for 2011 - Challenging (means not so bullish on Singapore banks)
Credit Suisse top pick for Singapore bank is OCBC.
● We highlight three themes for 2011: 1) Growth moderation – EPS
growth in 2011 for Singapore banks could slow to 1-7% from 20-
30% in 2010E; 2) Singapore may be the only banking market in
Asia where net interest margins remain under pressure; 3) We
could see more clarity on Basel 3, but Singapore banks remain
comfortable (equity tier 1 of 11.2-13.0%).
● All earnings drivers could weaken in 2011, except fee income: 1)
weaker economic growth could mean loan growth moderation, 2)
margins should remain under pressure, 3) fee income could be
helped by capital market conditions, and 4) DBS should see the
biggest turnaround from falling credit costs.
● Singapore bank valuations are attractive but not compelling and
banks lack catalysts. We are MARKET WEIGHT Singapore banks
in both the Singapore market and Asian financials context. OCBC
is our top pick for 2011 – has niche wealth management strategy
and is the most aggressive on growth. In DBS, we like its new
CEO’s strategy (but will take 12-18 months for results) and DBS
will gain the most when the SIBOR starts rising in 2012.
Make love more, don't make more enemies |
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