OCBC

OCBC: CIMB has Technical Buy Call, note that the stock has hit a high of $10.30 before consolidating in a sideways manner, forming a triangle and prices broke out last week. Both its MACD and RSI have turned positive again and RSI has reversed after testing the 50-pts mark while its MACD is reconfirmed is golden crossover…

Any weakness towards the 30-day SMA at $9.80 is a chance to go long. Stop loss at recent swing low of $9.75 or $9.63. Breakout is likely to take prices higher towards $10.52 next.