Ocbc is still very weak as reflected on the chart. It has been on a downtrend mode as indicated by the Red Line drifting lower each day from the high of $9.56 on 26th Oct 2016 and hitting the low of $7.41 on 10th Feb 2016. This is generally rather negative.
MACD are still pointing downwards with no sign of any reversal yet.
Looks like it may continue to trend lower towards $7.40,$7.00 with extension to $6.50.
Unless it is able to move up and cross over $8.00 that may reverse this downtrend in order to move u the channel towards $8.50 then $9.00.
During market volatility / downtrend , it will be good to remain side line . The price may seem cheap to buy. But cheap can get cheaper. It will be safer to wait for the market to stabilize or when the price is signalling to a reversal sign whereby you may decide to long/invest.
(trade base on your own decision)
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