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Oversea-Chinese Banking Corp ST: short term rebound towards 11.3
Trading Central | 2019-09-05 23:52:00

Alternative scenario: the downside breakout of 10.5 would call for 10.3 and 10.1.

Our pivot point is at 10.5.

Our preference: short term rebound towards 11.3.

Alternative scenario: the downside breakout of 10.5 would call for 10.3 and 10.1.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands above its 20 day MA (10.73) but below its 50 day MA (11.19). Oversea-Chinese Banking Corp is currently trading near its 52 week low at 10.36 reached on 30/10/18.

Supports and resistances:
11.7 **
11.5 *
11.3 **
11.2
10.77 (SGD-last)
10.7
10.5 **
10.3 *
10.1 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-06-2019 at 01:52 UTC+1
Price reference: 10.77 last known on 09-06-2019 at 01:52 UTC+1
Investment horizon: ST

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