OCBC BANK

Indeed it has gone down to test 10.50 and managed to bounced off from the low of 10.46 to close well at 10.65,looks pretty encouraging move!

Are we out of the wood yet, I don't think so!
This is a temporary rebound and may likely move up to test 10.70 then 10.78 with extension to $11.00.

Not a call to buy or sell.
Pls Dodd.





23 August 2019
Today close lower at $10.63 looks like it may go down to retest $10.50 soon !

Pls dyodd.

15 August 2019
It went ex-dividend today and price Gap down more than the dividend of 25 cents and close lower at $10.70 down 41 cents, looks rather bearish!

Short term wise,I think it may go down to retest $10.50. Breaking down of $10.50 it may likely continue to slide down towards $10.00 with further falling down to $9.00.

Pls dyodd.


2nd August 2019
It has just released the 2nd qtr results ,Net profit for Q2 is up 1% to $1.2b. Dividend payout increase to 25 cents .

XD 15 Aug. Pay date 3rd October 2019.

Interim dividend of 25 cents, presume Final will be another 25 cents. Total 50 cents. The current price of $11.21 is yielding a yield of 4.4%.

But chart wise,it is showing a different story!
In fact, the price Gap down and is down 19 cents to $11.23 , coupled with quite a high volume this is rather bearish!

Short term Wise, I think it may go down to retest $11.05 then 10.82 with extension to $10.50.

Presume many would be eyeing to see if  $10.50 would show up again or even $10.00 to give a dividend yield of 5% that would be nice!

Not a call to buy or sell.

Pls dyodd.