Ocbc Commentary

hi all,

ocbc commentary below is done as per request,
btw, I decided to reopen my blog where the emails I sent will be posted there.
you can also make use of the links for your research purposes.

Commentary:
ocbc is still stranded in the downtrend. 1st support level stands at $6.20 which was the reason for the recent rebound.
current resistance stand at $6.72 followed by $7.70.

Mid risks speculators may enter long near $6.30 for a channel play with a target of $7.80 in weeks ahead.
Place a cut loss @ $6.00

As for the long term player, the time is still not right.

*fundamental outlook for the financial sector is still bleak and not expected to recover anytime soon.

Manage your risks properly.

Heiwa