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Oversea-Chinese Banking Corp ST: below its lower Bollinger band
Trading Central | 2019-02-26 02:04:00

The configuration is negative.

11.6 is our pivot point.

Our preference: the downside prevails as long as 11.6 is resistance.

Alternative scenario: above 11.6, look for 11.9 and 12.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 11.5 and 11.41). Finally, Oversea-Chinese Banking Corp is trading below its lower daily Bollinger band (standing at 11.24).

Supports and resistances:
12 **
11.9 *
11.6 **
11.5
11.21 (SGD-last)
10.9
10.7 **
10.5 *
10.4 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-26-2019 at 03:04 UTC+1
Price reference: 11.21 last known on 02-26-2019 at 03:04 UTC+1
Investment horizon: ST

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