OCBC (technical)

OCBC: the longer term uptrend hasn't been negated yet, as share price still trades above the rising 200 MA ($9.86), and remains above the key pschological $10 mark. However the rapid fall over the past two weeks points to much higher volatility swings in the near term. Despite today's rebound from the initial $10.20 support, the key indicators are still trending down, hence do not rule out share prices continuing to be suppressed . See the 50day MA at $10.80 as firm resistance.