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Wednesday, October 23, 2019

Ocbc Bank

Looks like it is going down to retest 10.60 again follow-up 10.50.


Looks rather weak if the recent low of 10.45 cannot hold up well then next we could be seeing$10.00.

Pls dyodd.


4th Oct 2019
Chart wise, looks bearish!
It has broken down the recent low of 10.70 and close lower at 10.62 , looks rather weak and may see it goes further down to retest 10.50 & 10.45 level again.


Short term wise, I think if 10.45 level is not able to hold up well, then we may see the price sliding further down towards 10.00 then 9.50 with extension to 9.00.

With US market expecting another rate cut in the coming month, bank share price may get beaten down again.


STI is on a Bear mode/downtrend direction. I think is good o be cautious!

Not  a call to buy or sell.

Pls dyodd.


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