CFD Trading – Buy OCBC (O39.SGX) at $9.40. Stop at $9.10 and Target at $10.40.

After reaching a high of $10.40, price has been in a correction and the first support lies at $9.78, which was previous resistance turned support. The next stronger support comes in at the Base line at $9.40. Trend as indicated by MACD is bullish and a pullback to support level would be a good location to accumulate for $10.40 in the longer term.

$9.40               Buy
$10.40                Price Target
$9.10                Risk Management Stop
3 weeks              Trade Duration

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