Thursday, October 4, 2012

OCBC (Technical)

OCBC: Trading Central notes the stock has held above its support of $9.20 (bullish gap area on 7 Sep), and has resumed its uptrend. Notes share price remains above both the 20day and 50day moving averages. Coupled with RSI moving above the neutrality area at 50%, this points to further upside. Tips test of next resistance at $9.60 and $9.90 in extension.

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