OCBC after touching the support level at $8.33 on 9th Nov 2016, it has since stage a strong recovery and head higher to touch 8.88 on 18th Nov 2016. This is generally positive.
Both Macd & Rsi are rising and may likely provide further indication that the share price may continue to trend higher.
The immediate resistance is at 9.02. It will be good to see if this can be taken over.
Failure to breakout decisively, may see it retrace lower from here.
Short term wise, I think it will likely move up to test 9.02. Breaking out of 9.02 with ease + good volume that may propel to drive the share price higher towards 9.45.
( trade base on your own decision)
No comments:
Post a Comment