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