OCBC has been running up lately from the last breakout @ $9.20. Now its at a upchannel support @$10.00. Long Term support @ $9.60 with near term target of $10.90. On economic front, SGD should strengthen and propel local investments but the risk of lower loans from the series of property cooling measures could curtail big up surges. Nevertheless, this…
Tag: Stock Market
Singapore Exchange SGX – Accumulate – Stock Price / Stock Investment – Singapore Stock Market
SGX has fallen significantly months back for as much 20%. There should be some near term reprieve when STO, MACD is upturning. PSAR is also breached. Next target should be $8.8 if the support at $8.2 holds well. Next quarter should bodes well for SGX as trading volumes should pick up when investors return after the holidays. Long term wise,…
Citigroup – Buy on value
Uptrend intact while support @ $4.50 holds. Near term target of $5.00. RSI on rise with enlarging bollinger band. Follow us on: Share this article on: