OCBC Bank 12 Nov 2015

Sharing some technical analysis idea on OCBC Bank, for education and sharing purposes.

Currently, the stock is trying to hold above $9.

Next Support: $8.94
Strong Support: $$8.65

First Target Price: $9.23
Next Target Price: $9.50

Time frame: 1 month – 2 months

Stochastic: Signals showing possibility of further downtrend. Looking forward, if there is a crossover under the 20% level, it might fuel bullishness.

OCBC Bank 12 Nov 2015

Moving Averages: It will be good if the 20dma (Red line) stays above 50dma (Blue Line).

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