OCBC looks rather bearish as reflected from the chart with the current price of $7.49 hovering below both 14SMA & 25SMA lines. This is generally very negative. Especially today it has again Gap down and broken the previous low of $7.55 level.
MACD is still pointing downwards with no indication of any reversal yet.
Short term wise it may continue to be under selling pressure and may head lower towards $7.00 with extension to $6.50.
(trade base on your own decision)
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