CFD Trading – Buy OCBC BANK (O39.SGX) @ $12.53. Stop @ $12.25 and Target @ $13.25.

OCBC BANK Stock Code O39.SGX

Outlook

Price rebounded after being supported by the upper edge of the cloud support. There is a bullish conversion and base lines crossover that hints at potential upside ahead. MACD is still bullish and remains in a bullish crossover. These could increase chances of the stock price rebounding to move higher.

Strategy

$12.53          Buy

$13.25         Price Target

$12.25          Risk Management Stop

3 weeks      Trade Duration

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