OCBC (technical)

OCBC, prices have retraced more than 20% from the highest closing price of $10.133 and may consolidate near the 23.6% Fibonacci retracement level of $9.89 before making new lows. Near-term support is at about $9.73 and retracement most likely ending at around $9.51, which coincides with 61.8% retracement level as well as significant price congestion in the past.