CFD Trading – Buy OCBC (O39.SGX) @ $12.06. Stop @ $11.80 and Target @ $12.39.

OCBC Stock Code O39.SGX


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.


$12.06                Buy

$12.39                Price Target

$11.80                Risk Management Stop

3 weeks              Trade Duration

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