Wednesday, May 29, 2013

OCBC (technical)

OCBC: The long-term incline of OCBC's share price has recently taken a dip below its 20MA. There is however, a slight hook-up of both stochastics and RSI which may indicate a short-term reprieve in its share price, based on historicals. The near-term support is at its 50MA of $10.68, which coincides with its recent low on 23 May. The next support would be at the $10.40 region. Near-term resistance at its 20MA currently at $11.00, before the next resistance at $11.20.

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