OCBC – [ Second Target Met, The Importance of Taking Profit]
Chart Source : Poemsview 19th Feb 2019
OCBC continued it move up today meeting our second target of $11.80 as blogged last night. What was interesting is that at around that point ($11.80) OCBC started showing weakness. The resistance at $11.80 proved strong and OCBC couldn’t break above that and succumb to profit taking.
Once again we’re glad that we alerted our EXCLUSIVE CLIENTS to also take some profit off the table since our second target has been met. Our EXCLUSIVE CLIENTS were alerted when OCBC was trading at $11.60 just LAST WEEK with an impending breakout and we’re glad our second target was met.
Reminder that OCBC results will be coming out very soon. Will this retracement be a chance for entry?
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Yours
Humbly
Kelwin&Roy
