OCBC

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.