Monday, February 22, 2016

My analysis 22 Feb 2016 - OCBC

Look at just the TA for OCBC, it has similar trend to STI, forming lower low.

● RSI 55
● MACD has not cross downward
● Price just cross MA 20

My view: price may just cross MA 50 then U turn. I have 100 shares at $8.72. I will sell at a lost when RSI > 60 and MACD cross down. Then buy back when it hit lower low trend line and at the same time STI still above 2500 points.

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