Sino Grandness

Sino Grandness: OCBC Technicals sees more upside ahead after the strong rebound at its 6-mth uptrend support on heavy trading volume yday. Both the 50 DMA and $1.40 imediate resistance were conquered at the same time. MACD is on the verge of a bullish crossover now, suggesting that the upside momentum is building up quickly. The counter could head higher towards the next key obstacle at around $1.60 (key peak) in the weeks ahead. Tips a stop loss exit around $1.35, slightly below the newly established resistance -turned-support at $1.40.