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Thursday, February 16, 2017

OCBC Bank

OCBC Bank - 16th Feb 2017
OCBC Bank after hitting the high of $9.78 on 13th Feb 2017 , it had more or less exhausted as indicated by the doji candlestick on the chart . This is generally a sign of weakness.



The next day 14th Feb it had experienced a Gap down with high volume and closed lower at $9.43. This is generally quite bearish.

Currently, it is trading side-way after this short break.
It may likely continue to go down to test $9.20. Breaking down of $9.20 with high volume that may see further selling down pressure and push the share price lower towards $9.10 then $9.00 and below.

( trade base on your own decision)

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