OCBC – [ Saw The Resistance? Take Some Profits First! ]

4th November, 2019, 7:35 PM

OCBC – [ Saw The Resistance? Take Some Profits First! ] OCBC 4th Nov 2019

Chart Source: Poemsview 4th Nov 2019

OCBC bank hit our resistance of $11.13 early in the morning and didn’t managed to break above it through the day. This was highlighted in our previous post just yesterday too. OCBC has ran ahead of its results so market might be expecting some positive release, failing which might see it getting hammered

As OCBC results are coming out tomorrow morning it might be better to lock in some profits at least in case of any shocker. As seen from UOB , although profit increased it still got sold down initially.

We’ll be analyzing the results and chart and will post updates after tomorrow.

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