CFD Trading – Sell OCBC BANK (O39.SGX) @ $12.09. Stop @ $12.30 and Target @ $11.50.

OCBC BANK   Stock Code O39.SGX


Price is moving below its middle Bollinger band, aka the 20MA, hinting at the potential downtrend ahead. It was capped by its support-turned-resistance level with a doji candlestick pattern. The MACD is bearish and is moving lower after having a bearish crossover. These could increase chances of the stock price continuing to move lower.


$12.09               Sell

$11.50                Price Target

$12.30               Risk Management Stop

3 weeks             Trade Duration

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