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Oversea Chinese Banking Corporation Limited, in short OCBC Bank
After a bull trap, the stock price has drifted south since April 2015, the price action formed an ABCD buy chart pattern. However, the price now resisted by the significant level; support turn resistance.
Please trade with caution, as our practice, only buy when price action completed a bullish chart pattern and the price is near support.
June 22, 2015 Oversee-Chinese Banking Co Ltd
Trade Strategy
Our believe is Buy when price action bounce above MA, sell when price rejected by MA. Only enter buy after price near support and completed bullish chart pattern (candlestick), and sell when the price is near resistant and price action completed bearish chart pattern.
The worrisome is the bearish bias persisted.
You can read about other Singapore Stocks scan in this website.
Thanks for visiting the website.
Moses
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