CFD Trading – Sell OCBC BANK (O39.SGX) @ $13.08. Stop @ $13.40 and Target @ $12.30.

OCBC BANK  Stock Code O39.SGX

Outlook

Price appears to be capped by this previous price high resistance zone for a 4th occasion. A bearish MACD crossover is likely in the coming session, hinting at possible price correction ahead. These could increase chances of the stock price to move lower.

Strategy

$13.08          Sell

$12.30          Price Target

$13.40          Risk Management Stop

3 weeks        Trade Duration

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