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Saturday, February 1, 2020

Ocbc Bank

TA wise, looks rather bearish!
With the Gap down in price plus trading below the SMA lines looks rather negative!


The SMA lines are crossing down & MACD are also trending downwards looks like we may see further selling down pressure!


Short term wise, I think it would likely retest the recent low of $10.57 then $10.45 with extension to 9.80-$10.00.


NAV $10.00.
Result is out on 21st Feb 2020.
Yearly dividend is about 48-50 cents.


Not a call to buy or sell.
Pls dyodd.

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