OCBC (technical)

OCBC: remains strongly bullish above its medium term rising trend line since Nov '12, and just hit its new YTD high yday. In the short term, a pattern of higher tops and bottoms becomes visible, which signal buying pressure. In addition, the 20 dya and 50 day moving avgs are heading upwards, which play as strong support roles. With RSi having bounced of its neutral area at 50%, this calls for further advance to $11.20 and $11.65 in extension.