Tuesday, April 9, 2013
OCBC (technical)
OCBC Technicals: Trading Central notes the stock remains gradually on the upside, supported by a medium term rising trend line since Nov '12. Over the short term, a pattern of higher tops and bottoms is visible, which signals buying pressure. Adds the 20 day and 50 day moving avgs are headed upwards, and should play gd supporting roles. The RSI above its neutral 50 mark calls for further share price advance to $11 and $11.20 in extension.
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