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Thursday, March 3, 2016

OCBC

OCBC - 3rd March 2016

OCBC had a very nice thrust bar seen on the chart today. Couple with a very strong volume of 17m of shares changing hand. This is rather bullish.


It has managed to stage a strong recovery after hitting the low of $7.41 on 12th Feb 2016 and continued to head higher to touch $8.60 on 3rd March 2016. This is generally very positive.

Both MACD & RSI are still trending upwards which may provide further catalyst that the share price may continue to head higher.

Short term wise it may move up to re-visit $8.90 then $9.15 with extension to $9.50.
(trade base on your own decision)

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