TA for OCBC,
- Trend - Down
- Momentum - Moderate
- 7D Support - 8.13
- 7D Resistance - 8.68 (take note of 20D resistance - they are aligned.)
- Candle - Gap Up
- Volume - 1.2X
How to trade OCBC?
From OCBC, it is forming a nice downward trendline. Price (16Sept) is now at the top of the trendline. You can also see "RSI divergence" (bullish reversal) but i think it has already completed the "Gap Up". Personally, I think OCBC is a potential SHORT than a LONG.
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