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Saturday, December 3, 2016

OCBC

OCBC -2nd Dec 2016

OCBC had a very nice run up again from the low of 8.33 on 9th Nov 2016 and stage a strong recovery and head higher to touch 9.19 on 30th Nov 2016. This is rather positive.


Both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.

The current price of 9.15 is staying above the SMA lines which is generally quite positive/healthy.

Short term wise, I think it may likely re-conquer 9.19 and head higher toward 9.30 then 9.41 with extension to 9.50.

( trade base on your own decision)

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