ShareJunction - Member Posts

x 0

welcome.

Just went through history, where is support and resistance level. Month, week, day and 4hr low(support), mid(support/resistance), upper(resistance) bollinger band in fact are 20 days average moving line.

So only breaking resistance strongly, then Accummulation at lower level, then you can expect higher.

Just zone into Ocbc month chart, because week chart has sideline after long time range bound between 8.2-9, so month chart is the only available resistance for ocbc after a long term downtrend turn to long term uptrend. When month mid bollinger come down from top approach this range bound, it will attack it.

Resistance are month mid bollinger band(8.9) upper(9.85). Just take note all these average line are moving time to time, because it is downtrend, so it is moving down, now upper is 9.61.

So let's what happen, price broke 8.9, till 9.37 on 8 dec (day chart RSI is overbought), 1hr-4hr trend line sideline, price move into correction. Where? 8.9. Day chart low bollinger band and month chart mid bollinger(resistance turn support after breaking). Then 4hr move sideline line and move up till 9.78, close to 9.85, month upper(resistance), day RSI is overbought. Profit taking till 9.42.

Then range bound 9.65-9.42. Accummulation or stronger distribution? We will know this week based on below observation.

TA is not 100% but just for reference. But sometimes, you know how accurate there are based on history.

EmmGru ( Date: 05-Mar-2017 01:23) Posted:

Thanks, I was wondering why OCBC was range bound, somebody in the OCBC thread tot it was due to accumulation but you are probably right. I made the mistake of chasing so have book loss while it is range bound now. I will keep a close watch next week. Good idea to open this thread, I always learn a lot from your posts in Noble. Dun always hold the same position as u but learnt not to take big bet against u hahaha

earlybird14 ( Date: 05-Mar-2017 00:41) Posted:

Add on.

A news which is known by public is not a new, is a history. Bbs may price in.

So this explain why a lot of pump dump case after a news which is known for days or weeks, and a confirmed news out end up pump and dump.

Like Midas holding, don't know you know this company. 26 is month resistance( again strong one), rally from 21 to 26, then stop here for week, price down till 24.5- 25, management issue profit guidance before result release with 70% gain, price back to 26, then come down 25, result release, price back to 26, then gonna dump till Friday price 23.5-24.

So news we retailers think it is news but insiders bbs all have first hand info, so already bought at 21. Their final target is to distribute all at 26 and create some short selling at 26, pump dump then find another level to buy back again at lower price, what price is it? A price can maximiZe their shortselling position profit at the same time sufficient for them to create another long position.

This is stock market

x 0

Add on.

A news which is known by public is not a new, is a history. Bbs may price in.

So this explain why a lot of pump dump case after a news which is known for days or weeks, and a confirmed news out end up pump and dump.

Like Midas holding, don't know you know this company. 26 is month resistance( again strong one), rally from 21 to 26, then stop here for week, price down till 24.5- 25, management issue profit guidance before result release with 70% gain, price back to 26, then come down 25, result release, price back to 26, then gonna dump till Friday price 23.5-24.

So news we retailers think it is news but insiders bbs all have first hand info, so already bought at 21. Their final target is to distribute all at 26 and create some short selling at 26, pump dump then find another level to buy back again at lower price, what price is it? A price can maximiZe their shortselling position profit at the same time sufficient for them to create another long position.

This is stock market.

earlybird14 ( Date: 05-Mar-2017 00:32) Posted:

Day Traders don't worry these since they involve short term trading. Why range bound, because they have reduced risk exposure by covering at 9.4 for the shortselling position at 9.6-9.7 and hold some expect more. So in fact, you see a quick bounce up and down between 9.65 and 9.42. So they safe guard them self at upper and lower limit with profit. After few round like that, you will start to see a firm movement starting from around 9.55 and slowly move down or move up. Then this movement once touch 9.65 or 9.42, without strong resistance, then it will cause break out.

Why choose 9.78, because it is critical resistance. Traders will just do it and choose this level to take profit for their bull run even though in a bull market or strong trend. After taking, see how market response and sell and buy activity to decide next move.

So resistance level is for profit taking and shortselling position creation, then range bound for building some cash for supporting next trend by safeguard top and bottom (9.4-9.65) 1-3 times, then observe the mid range movement after few times range bounce and decide to continue the shortselling or cut the shortselling and turn it to long buy to push cross the 9.78.

So now price is 9.5. Mid range 9.55. 2 times at 9.65, 2 times at 9.42. Very soon we will know if it is up or down.

EmmGru ( Date: 04-Mar-2017 23:58) Posted:

I am holding on a paper loss for OCBC too. Just wondering would it be risky to short OCBC as news on UE sale may be out in March.

Thanks for discussing OCBC, the OCBC thread is not very active

x 0

Day Traders don't worry these since they involve short term trading. Why range bound, because they have reduced risk exposure by covering at 9.4 for the shortselling position at 9.6-9.7 and hold some expect more. So in fact, you see a quick bounce up and down between 9.65 and 9.42. So they safe guard them self at upper and lower limit with profit. After few round like that, you will start to see a firm movement starting from around 9.55 and slowly move down or move up. Then this movement once touch 9.65 or 9.42, without strong resistance, then it will cause break out.

Why choose 9.78, because it is critical resistance. Traders will just do it and choose this level to take profit for their bull run even though in a bull market or strong trend. After taking, see how market response and sell and buy activity to decide next move.

So resistance level is for profit taking and shortselling position creation, then range bound for building some cash for supporting next trend by safeguard top and bottom (9.4-9.65) 1-3 times, then observe the mid range movement after few times range bounce and decide to continue the shortselling or cut the shortselling and turn it to long buy to push cross the 9.78.

So now price is 9.5. Mid range 9.55. 2 times at 9.65, 2 times at 9.42. Very soon we will know if it is up or down.

EmmGru ( Date: 04-Mar-2017 23:58) Posted:

I am holding on a paper loss for OCBC too. Just wondering would it be risky to short OCBC as news on UE sale may be out in March.

Thanks for discussing OCBC, the OCBC thread is not very active.

earlybird14 ( Date: 04-Mar-2017 23:44) Posted:

Frankly speaking. This is a level to create short sell position at around 9.6-9.7 and cut loss at 9.8 and expect to end this short at around 9.2-9.3.

I won't ask you to run now since it is still at range bound between 9.4-9.6+. As mentioned just now, when range bounce will be end? When 2-3 days price still below mid level 9.4-9.6+, 9.55, especially a green market, you will see profit taking from long and shortselling to bring price down.

Also possible if price go up and break 9.8, then you will be in profit since those shortselling will cut loss and chase the price up. But for time being, if I shorted at 9.6-9.7 level, I will hold on my short so long as I don't see price higher than 9.55. If more than 9.55, I may reduce short holding and cut all at 9.7

x 0

Frankly speaking. This is a level to create short sell position at around 9.6-9.7 and cut loss at 9.8 and expect to end this short at around 9.2-9.3.

I won't ask you to run now since it is still at range bound between 9.4-9.6+. As mentioned just now, when range bounce will be end? When 2-3 days price still below mid level 9.4-9.6+, 9.55, especially a green market, you will see profit taking from long and shortselling to bring price down.

Also possible if price go up and break 9.8, then you will be in profit since those shortselling will cut loss and chase the price up. But for time being, if I shorted at 9.6-9.7 level, I will hold on my short so long as I don't see price higher than 9.55. If more than 9.55, I may reduce short holding and cut all at 9.7.

davidoch ( Date: 04-Mar-2017 23:24) Posted:

TT, I was inexperience went in at wrong price on Thursday @ now Ave 9.6023 w 18.7 lot ,I keep trying to reduce my stop to prevent it sold off to protect my fund, I want to judge whether it will chit my stop @9.37 if so I will have $4.5k loss. Otherwise if going up I will add more to Ave down to realised profit asap

TechnicalTrader ( Date: 04-Mar-2017 22:59) Posted:

maybe you could share with us at what price did you go in and what is your intention? short/medium/long?

x 0

Just check glp dividend last year. 6 cents, 2.2-2.4%.😁 😁 😁 no enough for cpf payment. Better sell lah.

Don't know how much money they spend to build glp that time.

earlybird14 ( Date: 04-Mar-2017 23:21) Posted:

Gic spent billion to buy a building in New York Manhattan. I think the rental income shall be more than 4% annual, more than what glp can produce.

Here try to sell 3.6-4bil usd glp which own so many warehouses but there they spend bil for an office building.

So what is the actual value of glp? Only gic funds team can know what they are doing.

earlybird14 ( Date: 04-Mar-2017 23:13) Posted:

Gic sold huge stack at around 2.6 in 2013 to public.

So we can know this is the bottom level gic will sell.

Although market say how good glp are, but I don't see their earning improve a lot, earning I refer more toward the gross profit rather than their 1 time gain profit from property purchase. Since for gic how much assets gain is meaningless, as a sovereign fund, dividend income annually still the main focus( have to pay back to cpf)

So I think gic is eager to sell.

Last week, gic gonna dump, then, I know about time to conclude the deal. So you just observe next few days what price will go, till price go stagnant, then you just plus another 6-10% on it, this will be the final offer price.

Insiders all know what price they are dealing with, so they will allow some buffer on below in case the deal cannot go through.

If the deal fails, ho Ho better sell fast fast

x 0

Gic spent billion to buy a building in New York Manhattan. I think the rental income shall be more than 4% annual, more than what glp can produce.

Here try to sell 3.6-4bil usd glp which own so many warehouses but there they spend bil for an office building.

So what is the actual value of glp? Only gic funds team can know what they are doing.

earlybird14 ( Date: 04-Mar-2017 23:13) Posted:

Gic sold huge stack at around 2.6 in 2013 to public.

So we can know this is the bottom level gic will sell.

Although market say how good glp are, but I don't see their earning improve a lot, earning I refer more toward the gross profit rather than their 1 time gain profit from property purchase. Since for gic how much assets gain is meaningless, as a sovereign fund, dividend income annually still the main focus( have to pay back to cpf)

So I think gic is eager to sell.

Last week, gic gonna dump, then, I know about time to conclude the deal. So you just observe next few days what price will go, till price go stagnant, then you just plus another 6-10% on it, this will be the final offer price.

Insiders all know what price they are dealing with, so they will allow some buffer on below in case the deal cannot go through.

If the deal fails, ho Ho better sell fast fast.

ehclim ( Date: 04-Mar-2017 22:16) Posted:

Btw, what is your opinion on GLP on privatisation. When do you think it will be crystalized?

x 0

Lonely is always a good sign. You will only see a thread at hot spot when price are pumping or free falling.

Quiet is storing energy of spring for the jump.

Aloser ( Date: 04-Mar-2017 23:06) Posted:

You are so lonely here!

....Well I suppoprt you, I found it right timr to switch from noble group to IndoAgri. Wining already, got nothing to lose. So I will start to buy! Wish me good luck!

earlybird14 ( Date: 04-Mar-2017 09:48) Posted:

If you are interested about cpo counters and think cpo price will grow( market is like that you only can hope for the best, if cpo down at least you know the healthy one with good balance sheet will give you less problems especially price at low level)

Indofood is undervalued

x 0

Gic sold huge stack at around 2.6 in 2013 to public.

So we can know this is the bottom level gic will sell.

Although market say how good glp are, but I don't see their earning improve a lot, earning I refer more toward the gross profit rather than their 1 time gain profit from property purchase. Since for gic how much assets gain is meaningless, as a sovereign fund, dividend income annually still the main focus( have to pay back to cpf)

So I think gic is eager to sell.

Last week, gic gonna dump, then, I know about time to conclude the deal. So you just observe next few days what price will go, till price go stagnant, then you just plus another 6-10% on it, this will be the final offer price.

Insiders all know what price they are dealing with, so they will allow some buffer on below in case the deal cannot go through.

If the deal fails, ho Ho better sell fast fast.

ehclim ( Date: 04-Mar-2017 22:16) Posted:

Btw, what is your opinion on GLP on privatisation. When do you think it will be crystalized?

ehclim ( Date: 04-Mar-2017 22:13) Posted:

Hi EB, it is good to setup this thread to avoid those narrow minded people who only wish to hear good things and attacked you for being objective.

x 0

😂 😂 😂 then just abandon the thread Loh.

I don't lose anything. My purpose is sharing.

Instead who think my posts are worth for reference, they can just go to see my post history by clicking my account.

TechnicalTrader ( Date: 04-Mar-2017 22:55) Posted:

Ha Ha, you don' t mention about them already lah... after they all come and start the argument here... All go back to square one...

earlybird14 ( Date: 04-Mar-2017 22:53) Posted:

Again typical case in sgx in last 2 year?

Noble again😁 😁 😁 now you know why I was confident noble would issue right that time and slap all those jokers who argue with me year big big that time after proper studying the situation.

TA FA at the end still experience to know how in market

x 0

Again typical case in sgx in last 2 year?

Noble again😁 😁 😁 now you know why I was confident noble would issue right that time and slap all those jokers who argue with me year big big that time after proper studying the situation.

TA FA at the end still experience to know how in market.

earlybird14 ( Date: 04-Mar-2017 22:50) Posted:

😁 😁 😁 you will be surprised how many of company management fail in value their own company. At the end, all their money are wasted on share buy back and weaken their cash position for them to navigate the bad period.

I see enough how bbs or funds bring down a fundamental weak company through luring company to launch massive share buy back till the company cash at low, then market move into bear market( we know market is cyclic, in 1-2 years you sure encounter a bear run), then bbs and fund shortselling the shares to further later, because of company low in cash in bear market and force to issue new shares to public. Bbs and funds cover short from there.

I always stress shortselling are worked on the basis of got buyers buy from you at higher level, then they bring it down and force you to sell at lower level. It is a game to fight who has more money to play with the game.

Why apples share price never fall in past decade? Because jobs Steve didn't give dividend. So who dare to touch a company fundamentally strong with a lot cash?

TechnicalTrader ( Date: 04-Mar-2017 22:30) Posted:

buying back of share is only symbolic and to calm the market...

Obviously and certainly, the company herself knows how much the share worth, not the BBs and Traders... so the BBs wanting to push the price down have to think twice or thrice..

x 0

😁 😁 😁 you will be surprised how many of company management fail in value their own company. At the end, all their money are wasted on share buy back and weaken their cash position for them to navigate the bad period.

I see enough how bbs or funds bring down a fundamental weak company through luring company to launch massive share buy back till the company cash at low, then market move into bear market( we know market is cyclic, in 1-2 years you sure encounter a bear run), then bbs and fund shortselling the shares to further later, because of company low in cash in bear market and force to issue new shares to public. Bbs and funds cover short from there.

I always stress shortselling are worked on the basis of got buyers buy from you at higher level, then they bring it down and force you to sell at lower level. It is a game to fight who has more money to play with the game.

Why apples share price never fall in past decade? Because jobs Steve didn't give dividend. So who dare to touch a company fundamentally strong with a lot cash?

TechnicalTrader ( Date: 04-Mar-2017 22:30) Posted:

buying back of share is only symbolic and to calm the market...

Obviously and certainly, the company herself knows how much the share worth, not the BBs and Traders... so the BBs wanting to push the price down have to think twice or thrice..

earlybird14 ( Date: 04-Mar-2017 22:25) Posted:

bluechips liquidity is huge. Share buy back involved from company herself won't have much impact on share price movement, may be retailers may gain confidence but definitely not bbs and Traders who know how to value the company and spot on overall market performance, price will go up, it will go up, once it come down no matter how much money company throw into market will be meaningless.

I don't know if you have joined the market 2 years ago. Global logistic properties launched huge share buy back at around 2.6-3 dollars at peak 2 years ago. Then market start to come down and GLP involved in U.S. Warehouse purchase and market worry or some might think the price was overvalued.

Then we know what happen after share buy back, price sink all the way to 1.6 from peak. I don't know if I remember wrongly or not, they did buy back share during the falling but never able to stop the falling.

So this is the message I try to deliver, share buy back should not be a confidence level to anyone to think this is a level will not be lower to. Market still swing to direction it should go

x 0

TEchnical analysis shall work on the basis of fundamental analysis. Since I really have no ideal Ocbc fundamental so I can't provide a full picture of better valuation of Ocbc.

I can just give you what chart tell me and provide you current TA.

davidoch ( Date: 04-Mar-2017 22:32) Posted:

OCBC- CD on 22 May @18Cents

x 0

Noble was another case failed in share buy back when defending IB attack. Should be more than hundred million? Pump into market, couldn't help share price falling. Sarcastic was they beg for 750mio from shareholders at 11, 1 year later.

So you can see how market can swallow the cash easily.

Instead of interfere market with share buy back. Company management should do their job to manage company well and accept the flip flop nature of the market for bull and bear run. If company do well, price down in bear run, let it be, market will return your value in next bull run.

Since the money spend in share buy back will never be more than bbs or market hot money flowing especially bbs or traders are trade with margin cfd which easily can absorb the buy back amount.

earlybird14 ( Date: 04-Mar-2017 22:25) Posted:

bluechips liquidity is huge. Share buy back involved from company herself won't have much impact on share price movement, may be retailers may gain confidence but definitely not bbs and Traders who know how to value the company and spot on overall market performance, price will go up, it will go up, once it come down no matter how much money company throw into market will be meaningless.

I don't know if you have joined the market 2 years ago. Global logistic properties launched huge share buy back at around 2.6-3 dollars at peak 2 years ago. Then market start to come down and GLP involved in U.S. Warehouse purchase and market worry or some might think the price was overvalued.

Then we know what happen after share buy back, price sink all the way to 1.6 from peak. I don't know if I remember wrongly or not, they did buy back share during the falling but never able to stop the falling.

So this is the message I try to deliver, share buy back should not be a confidence level to anyone to think this is a level will not be lower to. Market still swing to direction it should go.

TechnicalTrader ( Date: 04-Mar-2017 22:06) Posted:

Keppel Corp has been buying back their sharing in recent week too.

My consideration. Blue Chips do not anyhow buy back their shares from the market if the market price is not below their own' s valuation. It shows that the sold-off was overdone. Furthermore, I don' t think banking will not be good when rate continue to rise.. The purpose of buying back their share is not to push up the price but to support the price. It make more sense this way... daily volume also suggests that funds have not been selling...

recent obvious examples is Hutong.... price performing very well. Another example is Silvelake, when co stopped buying-back their shares, it shows the share is higher than valuation.

x 0

bluechips liquidity is huge. Share buy back involved from company herself won't have much impact on share price movement, may be retailers may gain confidence but definitely not bbs and Traders who know how to value the company and spot on overall market performance, price will go up, it will go up, once it come down no matter how much money company throw into market will be meaningless.

I don't know if you have joined the market 2 years ago. Global logistic properties launched huge share buy back at around 2.6-3 dollars at peak 2 years ago. Then market start to come down and GLP involved in U.S. Warehouse purchase and market worry or some might think the price was overvalued.

Then we know what happen after share buy back, price sink all the way to 1.6 from peak. I don't know if I remember wrongly or not, they did buy back share during the falling but never able to stop the falling.

So this is the message I try to deliver, share buy back should not be a confidence level to anyone to think this is a level will not be lower to. Market still swing to direction it should go.

TechnicalTrader ( Date: 04-Mar-2017 22:06) Posted:

Keppel Corp has been buying back their sharing in recent week too.

My consideration. Blue Chips do not anyhow buy back their shares from the market if the market price is not below their own' s valuation. It shows that the sold-off was overdone. Furthermore, I don' t think banking will not be good when rate continue to rise.. The purpose of buying back their share is not to push up the price but to support the price. It make more sense this way... daily volume also suggests that funds have not been selling...

recent obvious examples is Hutong.... price performing very well. Another example is Silvelake, when co stopped buying-back their shares, it shows the share is higher than valuation.

earlybird14 ( Date: 04-Mar-2017 21:51) Posted:

3150 is a strong resistance level for sti. If you refer Dow index back to back you cN know this level has been sideline for quite a while when Dow up non stop.

i don't know what price Ocbc buy back the share, if buy back was on past 1-2 weeks. This is not a good sign since share price shall be supported by public confidence which include bbs and retailers instead of company herself. The more they spend to buy back but price doesn't go up, it will just give negative impression to market if they shall hold Ocbc at this price once Ocbc stop buying back

x 0

So a effective share buy back shall be at accummulation level (lower level after a peak) rather than distribution level( at peak) since buy ah buy, end up price move down, what you want market to think about this stock?

earlybird14 ( Date: 04-Mar-2017 21:51) Posted:

3150 is a strong resistance level for sti. If you refer Dow index back to back you cN know this level has been sideline for quite a while when Dow up non stop.

i don't know what price Ocbc buy back the share, if buy back was on past 1-2 weeks. This is not a good sign since share price shall be supported by public confidence which include bbs and retailers instead of company herself. The more they spend to buy back but price doesn't go up, it will just give negative impression to market if they shall hold Ocbc at this price once Ocbc stop buying back.

TechnicalTrader ( Date: 04-Mar-2017 21:16) Posted:

Suggest go to check US Dow' s banking sector performance every morning before STi market open.. It does give some clue...

If you believe STI is going to reach 3300 (minimum) then just hold on to your blue chips if you are long term...

Rotational play on blue chips...

Ocbc was hard hit by unfavourable results....but the bank has started almost daily buy-back of shares... This has certaining stopped the down slide of the share and market confidence should be improving day-by-day...

Noticed also the big gap down on 14Feb (?) does not come with big volume.... Not many funds are selling.... But it is good opportunity for consolidation...

Technically... it should be about bottom, if share buy-back continue, at most it will hit around 9.40. The longer it drag the better the prospect of botttoming here.

Just my opinion and obseravation.... good luck

x 0

3150 is a strong resistance level for sti. If you refer Dow index back to back you cN know this level has been sideline for quite a while when Dow up non stop.

i don't know what price Ocbc buy back the share, if buy back was on past 1-2 weeks. This is not a good sign since share price shall be supported by public confidence which include bbs and retailers instead of company herself. The more they spend to buy back but price doesn't go up, it will just give negative impression to market if they shall hold Ocbc at this price once Ocbc stop buying back.

TechnicalTrader ( Date: 04-Mar-2017 21:16) Posted:

Suggest go to check US Dow' s banking sector performance every morning before STi market open.. It does give some clue...

If you believe STI is going to reach 3300 (minimum) then just hold on to your blue chips if you are long term...

Rotational play on blue chips...

Ocbc was hard hit by unfavourable results....but the bank has started almost daily buy-back of shares... This has certaining stopped the down slide of the share and market confidence should be improving day-by-day...

Noticed also the big gap down on 14Feb (?) does not come with big volume.... Not many funds are selling.... But it is good opportunity for consolidation...

Technically... it should be about bottom, if share buy-back continue, at most it will hit around 9.40. The longer it drag the better the prospect of botttoming here.

Just my opinion and obseravation.... good luck

earlybird14 ( Date: 04-Mar-2017 20:35) Posted:

Ocbc, Dbs, Uob and STI all are forming same chart pattern hitting Same resistance level. So breaking the level is decisive in Sgx bullish will be continue.

Among 4 of them Ocbc chart is weakest. Poorer result? I don't know since I didn't put too much attention on bank stock

x 0

Last night critical bounce up from day chart.

This level bounce up is 1.05 which is higher than the lowest 1.035. Further more if you refer back to 2015 March and dec low, it is 1.05.

So market take 1.05 as lowest level. Brexit won't affect Europe economy much since UK never use euro, just more nonsense to be settled.

In fact frexit decide the meaning of Europe Union existence since France and Germany formed the EU. Once frexit, euro will highly likely disappear.

So now is bottom level, buy first. Then continue to monitor French presidential election. If the lady lose? Chance of pump up.

Know the risk and safeguard at bottom level. If 1.05 break? Run road. No breaking? Continue to hold.

The timing is quite similar to usd appreciation. Economy turn good, inflation slowly up, the start will be QE package or daily bond buy back amount reduce.

Just watch up news will do. We buy at bottom level

SeePehJiaLat ( Date: 04-Mar-2017 21:28) Posted:

better to wait after Franch election...?

earlybird14 ( Date: 04-Mar-2017 20:51) Posted:

http://www.express.co.uk/news/world/774408/Marine-Le-Pen-promises-Frexit-European-Union-France-presidential-election

Potential risk. France election and frexit poll of Marine Le Pen is elected as president.

x 0

http://www.express.co.uk/news/world/774408/Marine-Le-Pen-promises-Frexit-European-Union-France-presidential-election

Potential risk. France election and frexit poll of Marine Le Pen is elected as president.

x 0

Ocbc, Dbs, Uob and STI all are forming same chart pattern hitting Same resistance level. So breaking the level is decisive in Sgx bullish will be continue.

Among 4 of them Ocbc chart is weakest. Poorer result? I don't know since I didn't put too much attention on bank stock.

earlybird14 ( Date: 04-Mar-2017 20:30) Posted:

Bird talk will try to recommend confidence trade which expect a good profit and try to maintain high scoring rate.

Ocbc hit resistance level at 9.78(month resistance at month chart upper bollinger band) now moving down slowly. However at the same time, due to moving down too slow, the support level from week chart are catching up Now at 9.2.

Currently price are range bounce sideline mood between 9.4-9.7 with midbollinger line at 9.55. Now 9.5, if price stay 2-3 days below 9.5 to convince price won't bounce back to 9.55 above, price will go down to attack 9.2 shortly.

Friday night us market is green. So if Sgx market green on Monday but Ocbc price doesn't go up above 9.55, market will be convinced time to take profit and move down.

davidoch ( Date: 04-Mar-2017 19:38) Posted:

Bird,

tlak about OCBC bank

x 0

Bird talk will try to recommend confidence trade which expect a good profit and try to maintain high scoring rate.

Ocbc hit resistance level at 9.78(month resistance at month chart upper bollinger band) now moving down slowly. However at the same time, due to moving down too slow, the support level from week chart are catching up Now at 9.2.

Currently price are range bounce sideline mood between 9.4-9.7 with midbollinger line at 9.55. Now 9.5, if price stay 2-3 days below 9.5 to convince price won't bounce back to 9.55 above, price will go down to attack 9.2 shortly.

Friday night us market is green. So if Sgx market green on Monday but Ocbc price doesn't go up above 9.55, market will be convinced time to take profit and move down.

davidoch ( Date: 04-Mar-2017 19:38) Posted:

Bird,

tlak about OCBC bank