OCBC Bank    Last:24.16    -0.37

OCBC

OCBC did not hit 11.20 on 27 Dec 2013. Did not remember whether it hit this figure in 2013. Regret didn't sell @10.60. Please confirm

hello123      ( Date: 27-Dec-2013 20:19) Posted: OCBC, now 1120,   has bounced strongly from the bottom of 974 as predicted on 12 dec 2013 in the same period ,   OCBC MBeCW140203 wrt   has bounced from the corresponding bottom of 1.9c to 3.5c today   - a whopping   84% increase     for more details , see         http://sgxswinger.blogspot.sg/    hello123      ( Date: 12-Dec-2013 05:20) Posted: Dow juz dropped 130 pts last nite, so sg stocks will open gap down in the morning presenting some buying opportunities   , for short term punting , sti got sppt   at 3035 ,   ocbc got support   at 974      for more details , see           http://sgxswinger.blogspot.sg/

 

OCBC probably will go up for another week (may) due to window dressing and portfolio pumping in the last few days of the year. However, do watch out for reversal.

http://mystocksinvesting.com/singapore-stocks/ocbc-bank/ocbc-bank-get-ready-for-the-reversal/

 

 

latest update for OCBC - http://sporeshare.blogspot.sg/2013/12/ocbc.html

 

OCBC, now 1120,   has bounced strongly from the bottom of 974 as predicted on 12 dec 2013

in the same period ,   OCBC MBeCW140203 wrt   has bounced

from the corresponding bottom of 1.9c to 3.5c today   - a whopping   84% increase

    for more details , see         http://sgxswinger.blogspot.sg/   

hello123      ( Date: 12-Dec-2013 05:20) Posted: Dow juz dropped 130 pts last nite, so sg stocks will open gap down in the morning presenting some buying opportunities   , for short term punting , sti got sppt   at 3035 ,   ocbc got support   at 974      for more details , see           http://sgxswinger.blogspot.sg/

 

Both Stochastics and RSI indicates that OCBC is exiting the oversold territory, and suggest an upside to stock. The nearest resistance would be around $10.10. The nearest support will be around $9.80,with the following one at around $9.60.

 

update for Ocbc http://sporeshare.blogspot.sg/2013/12/ocbc.html

 

buy more......

Octavia      ( Date: 19-Dec-2013 09:13) Posted: While BNP expects OCBC?s loan growth to be ahead of industry average, given 1) strong growth momentum in the Greater China Region, and 2) a relatively lower household credit exposure (compared to UOB). BNP expects OCBC?s loan growth at 14% in 2014. The house also expects non-interest income to growth at 15% y/y in 2014, driven by wealth management and insurance income. 3Q13 Bank of Singapore?s AUM grew 15% y/y to US$45b, representing a significant source of US$ funding for OCBC. Investment income rom insurance should also grow with a rising long-term Asean yield curve. With regards to the above, BNP prefers OCBC to UOB. Ratings as below: OCBC: Buy, raised TP to $12.40 (from $12.30) UOB: Hold, TP at $22.00

 

While BNP expects OCBC?s loan growth to be ahead of industry average, given 1) strong growth momentum in the Greater China Region, and 2) a relatively lower household credit exposure (compared to UOB). BNP expects OCBC?s loan growth at 14% in 2014. The house also expects non-interest income to growth at 15% y/y in 2014, driven by wealth management and insurance income. 3Q13 Bank of Singapore?s AUM grew 15% y/y to US$45b, representing a significant source of US$ funding for OCBC. Investment income rom insurance should also grow with a rising long-term Asean yield curve. With regards to the above, BNP prefers OCBC to UOB. Ratings as below: OCBC: Buy, raised TP to $12.40 (from $12.30) UOB: Hold, TP at $22.00

 

If the recent low of $9.72 has been broken down then it may move down to test $9.50 soon.

http://sporeshare.blogspot.sg/2013/12/ocbc.html

 

New123      ( Date: 12-Dec-2013 17:33) Posted: Ocbc seems to be finding it support at $9.80. New123      ( Date: 09-Dec-2013 22:00) Posted: Ocbc looks bearish. See my view at  http://sporeshare.blogspot.sg/2013/12/ocbc.html

 

Counter trading in a short-term trend channel between $9.80-$10.50. Share price may see a near-term upside after bouncing off the lower end of the trend channel, supported by rising RSI and Stochastics, in a bid to cover the gap at $10.10 on 6 Dec. Resistance at $10.05 followed by 10.20, with support at $9.80.

 

Market View 
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OCBC: Hammer at Support!

Contributed by My Stocks Investing

---

14-Dec

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 a down trend channel is formed. Price target of this Symmetrical Triangle breakout is $8.85. Good luck!

Original post by Marubozu My Stock Investing Journey

 

OCBC rebounds at the current level base on Candlestick patterns.

http://mystocksinvesting.com/singapore-stocks/ocbc-bank/ocbc-hammer-at-support/

 

 

Hours into sgxswinger call, ocbc falls to 972 to bounce as predicted , closing 980.

while sti fell to   3025 to bounce strong , closing 3059.

        for more details , see             http://sgxswinger.blogspot.sg/         

hello123      ( Date: 12-Dec-2013 05:20) Posted: Dow juz dropped 130 pts last nite, so sg stocks will open gap down in the morning presenting some buying opportunities   , for short term punting , sti got sppt   at 3035 ,   ocbc got support   at 974      for more details , see           http://sgxswinger.blogspot.sg/

 

Ocbc seems to be finding it support at $9.80.

New123      ( Date: 09-Dec-2013 22:00) Posted: Ocbc looks bearish. See my view at  http://sporeshare.blogspot.sg/2013/12/ocbc.html

 

Dow juz dropped 130 pts last nite, so sg stocks will open gap down in the morning presenting some buying opportunities   ,

for short term punting , sti got sppt   at 3035 ,   ocbc got support   at 974 

    for more details , see           http://sgxswinger.blogspot.sg/       

 

I see.Tks for sharing,bro.

tonylim      ( Date: 11-Dec-2013 17:41) Posted: Most counters are dropping like no body business.  Is it seasonal where these big guys sold off and go for holidays and come back again in 2014 to fight again Octavia      ( Date: 11-Dec-2013 17:08) Posted: Technicals appear Oversold, although there is no clear sign of any reversal yet. The recent mths low of $9.69 should provide some near-term support. Would look out for a reversal in trends from both RSI and Stocahstics, as ADX does suggest that the downward trend is exhausting.

 

Most counters are dropping like no body business.  Is it seasonal where these big guys sold off and go for holidays and come back again in 2014 to fight again

Octavia      ( Date: 11-Dec-2013 17:08) Posted: Technicals appear Oversold, although there is no clear sign of any reversal yet. The recent mths low of $9.69 should provide some near-term support. Would look out for a reversal in trends from both RSI and Stocahstics, as ADX does suggest that the downward trend is exhausting.

 

Technicals appear Oversold, although there is no clear sign of any reversal yet. The recent mths low of $9.69 should provide some near-term support. Would look out for a reversal in trends from both RSI and Stocahstics, as ADX does suggest that the downward trend is exhausting.

 

Ocbc looks bearish.

See my view at  http://sporeshare.blogspot.sg/2013/12/ocbc.html

 

OCBC mid term $12.