OCBC BANK Stock Code O39.SGX
Outlook
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.
Strategy
$12.09 Sell
$11.50 Price Target
$12.30 Risk Management Stop
3 weeks Trade Duration
