OCBC Stock Code O39.SGX
Outlook
Price broke above the cloud and in the last trading session, which was a black candlestick, price managed to close above the cloud, keeping the uptrend intact. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD had a bullish crossover and is hinting at a bullish price trend. We think price is likely to move higher to the previous high at $12.39 in the next 2-3 weeks.
Strategy
$12.06 Buy
$12.39 Price Target
$11.80 Risk Management Stop
3 weeks Trade Duration
