OCBC Bank Stock Code O39.SGX
Outlook
Price broke and closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago and but is above the cloud. MACD has a bearish crossover, hinting at a bearish price trend. If price stays below the cloud, we are likely to see a decline to the previous low at $10.99 in the next 2-3 weeks.
Strategy
$11.60 Sell
$11.00 Price Target
$11.90 Risk Management Stop
3 weeks Trade Duration
