July 1, 2017
Half-year Results | Completed Half-Year Mark 2017 | Oversea-Chinese Bank Corp
OCBC, Singapore listed Stock.
Picture worth a thousand words. Trend is still slopping up. The channel slopping from bottom left to top right.
Compare to UOB stock, the trend look similar.
We see the price action breakout from the lower channel to next channel level. This is the half year 2017 OCBC stock price performance. Do not miss understand this as Singapore economic? There are many elements to result in the bank stock price. So, take it easy.
A bar close below the last bar, beginning of the bearish trend? Too early to judge, the price may drift south but this may be just a zigzag movement. WOMD before you decide the trend.
June 30, 2017 Oversea-Chinese Bank Corp OCBC Half-year Stock Price Performance
O39 | OCBC | Oversea-Chinese Bank Corp and MACD Signals
MACD Cross down, and MACD cross up fail.
June 30, 2017 Oversea-Chinese Bank Corp OCBC and MACD
-ve Divergence | O39 | OCBC | Oversea-Chinese Bank Corp and MACD
June 30, 2017 The Oversea-Chinese Bank Corp, OCBC and MACD and Major Support Resistance
When you analyse one bank in Singapore market, you must also check out the other two major local bank, UOB, and DBS.
Moses Stock Analysis
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.