Chart wise, looks rather bearish ! Likely to continue to trend lower!
Short term wise,I think it may go down to test $4.80. Breaking down of $4.80 plus high volume that may likely drive the price lower towards $4.50 then $4.00 with extension to $3.70.
Not a call to buy or sell.
Pls dyodd.
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Monday, August 10, 2020
Saturday, August 8, 2020
Ocbc
Chart wise, looks rather bearish!
2nd quarter result saw its net profit dropping 40% to 730m doesn't look so rosy!
Nevertheless,I think it is still a nice level of profit !
Interim dividend has been slashed from 25 cents to 15.9 cents. Seem a little bit disappointed!
Yield is merely at 3.6% base on current price of 8.72.
15.9 cents dividend XD 21 Aug. Pay date 7 Oct 2020.
NAV 10.35.
P/B 0.849
Looks like the current price seem trading at a good discount from its book value.
Short term wise, I think it may likely move down to retest the pivot low of 8.41.
Breaking down of 8.41 plus high volume that may likely drive the price lower towards 8.00 then 7.80.
Not a call to buy or sell.
Pls dyodd
2nd quarter result saw its net profit dropping 40% to 730m doesn't look so rosy!
Nevertheless,I think it is still a nice level of profit !
Interim dividend has been slashed from 25 cents to 15.9 cents. Seem a little bit disappointed!
Yield is merely at 3.6% base on current price of 8.72.
15.9 cents dividend XD 21 Aug. Pay date 7 Oct 2020.
NAV 10.35.
P/B 0.849
Looks like the current price seem trading at a good discount from its book value.
Short term wise, I think it may likely move down to retest the pivot low of 8.41.
Breaking down of 8.41 plus high volume that may likely drive the price lower towards 8.00 then 7.80.
Not a call to buy or sell.
Pls dyodd
CRCT
The selling down seem getting worse each day hitting the low of $1.14 after it went ex.dividend few days ago, looks rather negative!
Short term wise, I think it may go down to revisit $1.06 again!
Breaking down of $1.06 plus high volume that may likely drive the price lower towards $1.00 then 96 cents.
Not a call to buy or sell.
Pls dyodd.
Chart wise, looks bearish!
Short term wise, I think it may go down to revisit $1.06 again!
Breaking down of $1.06 plus high volume that may likely drive the price lower towards $1.00 then 96 cents.
Not a call to buy or sell.
Pls dyodd.
Chart wise, looks bearish!
Today Gap down before result announcement tomorrow that is 29th July doesn't look good!
Immediate support is at $1.23.
Breaking down of $1.23 plus high volume that may likely see further selling down pressure towards $1.20 then $1.17 with extension to $1.10.
Not a call to buy or sell.
Pls dyodd.
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