Tuesday, May 9, 2017

OCBC Bank: Target almost hit... price 10.43, still good to go?

Just last week, we saw the 3 local banks rally on stronger than expected results announced. There were some positive price action seen and a note was sent out on each of them to share on more upside likely.

True enough, all of them have managed to find a new recent high over the past week.

Over the past few days we have seen OCBC continue to inch higher even breaking above the 10.20 level over the past few days.

As mentioned, seems like OCBC is set to test our first target at 10.50 as drawn in the chart last week (See below).

Arrows are still playing out nicely. High at 10.43 seen today.

We may start to see some profit taking as we approach this level before more upside.

After 10.50, what level should we look at again? Be a client to find out, click here.

What about the system, yes we saw something interesting recently too, shhh....... PTI grads can check the system J


Recent Email:

Sent: Tuesday, May 02, 2017 9:43 AM
Subject: ***** OCBC Bank: A move today seen as mentioned, price 9.96

For illustration purpose only

Sent: Wednesday, April 26, 2017 9:24 AM
Subject: ******* OCBC Bank: Still in consolidation range... price 9.74

For illustration purpose only

No comments:

Post a Comment