OCBC: CIMB has Technical Buy Call. Note that prices continued on its fall once it plunged through the bearish flag support earlier in the mth. At current levels, see potential for a short term rebound, which may interest aggressive traders.
Double inside days suggest a possible reversal here. A short below $8.43 is possible but not required. Whether this short push occurs or not, stock looks decent enough for a punt on the long side. Aggressive traders could buy now with stop at $8.30. If a rebound occurs, prices could rebound towards the flag support turned resistance levels of $9.05-9.10, which is also its 38%FR levels. However, caution that house is bearish on OCBC for the longer term. Expect prices to drop below the $7.50 mark in the medium term.
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