TA view for illustration purpose only.
Bank stocks rise up in anticipating US going to hike rate( tend to a bit aggressive hike ) after Trump's victory in US president election.
Technical analysis, TA show support/resistance 8.7, 8.88, 9. As of today, OCBC ranges at 8.73 - 8.84. The current uptrend may challenge the 8.88 resistance, next will be 9. We will see where OCBC facing tough resistance in short term before deciding for profit taking.
Bank stocks rise up in anticipating US going to hike rate( tend to a bit aggressive hike ) after Trump's victory in US president election.
Technical analysis, TA show support/resistance 8.7, 8.88, 9. As of today, OCBC ranges at 8.73 - 8.84. The current uptrend may challenge the 8.88 resistance, next will be 9. We will see where OCBC facing tough resistance in short term before deciding for profit taking.
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| (source : Poems Historical Chart ) |
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