OCBC BANK Stock Code O39.SGX
Outlook
Price could have formed a possible price top at S$15.38. A bearish conversion and base lines crossover could be likely in the coming session. There is potential divergence warning given from the MACD that hints at potential downside. These could increase chances of the stock price moving lower.
Strategy
S$14.80 Sell
S$13.76 Price Target
S$15.13 Risk Management Stop
3 weeks Trade Duration
OCBC BANK Stock Code O39.SGX
Outlook
Price could have formed a possible price top at S$13.45. It created a falling window on 28 Feb, suggesting the losing strength of an uptrend. Price moved below the 20-day moving average. The RSI is hovering around the neutral level. These could increase chances of the stock price moving lower.
Strategy
S$13.00 Sell
S$12.39 Price Target
S$13.27 Risk Management Stop
3 weeks Trade Duration
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
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
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
