Wednesday, July 24, 2013

******* Blue Chip with Potential Short term upside: OCBC. Share price 10.58.

OCBC has cleared immediate resistance at 10.55 yesterday and has continued to surge higher today. Near term support remains at 10.55 currently and as long as 10.55 support holds in the near term, OCBC is poised to head higher on any market strength. Target at 11.00 then 11.20 which was the high set in May 2013. A good blue chip to ride any market strength and for a rebound back to test previous high.
Stop loss at 10.48
 

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