An amateurish technician move

Wearing an amateur technician’s hat, let me jot down a small ‘prediction’ on OCBC.

OCBC is trading below the recent support line of $8.2. The downward breakout today could be whipsaw and I foresee an upward move in the next 3 to 4 weeks.

Suggest to wait for Friday’s US employment data and confirm it’s movement before we go in.

Leave a comment