Ocbc Bank - Monday XD, likely to see price corrected with 44 cents dividend to go below 14. If 14 cannot hold, we may see her testing 13.47 and 12.92.

 Ocbc Bank  - Monday XD, likely to see price corrected with 44 cents dividend to go below 14. If 14 cannot hold,  we may see her testing 13.47 and 12.92 and below. Bank has been trading at Peak level for quite sometime and it is high probability it may continue to retrace further! Pls dyodd. 

Chart wise,  bearish mode!

All 3 bank counter exhibit the same candlesticks patterns and this doesn't bode well for the banking sector!

Interest rates typically decline during recessions as loan demand slows, bond prices rise. 

Bank earnings may be affected if recession is happening plus interest rates cut. The price may likely follow.