OCBC

OCBC Feb 2016
OCBC Feb 2016

OCBC bank has shown some resilience over the past week and has been in range for the last few days. The resistance of 8.08 still hold and unless it breaks above that then we might see it test the downtrend of 8.24. Today candle seems ugly as it went to test the resistance and closed below the open. The immediate support is at 7.92 and a break of that might see further downside. We are anticipating further downside for this counters. Our stop loss would be at 8.08 or even at that downtrend at around 8.24

Have you seen first res since our post?? Its down….

Yours

Humbly

 

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