June 18th, 2011 by Marubozu
Previous Analysis is no longer valid. OCBC has broken down from an Ascending Triangle and heading towards the price target of $8.60. Current OCBC chart is bearish as the stock is trading below all 3 moving averages. 20D MA has crossed down 200D MA which is a down trend signal.
May 31st, 2011 by Marubozu
OCBC Bank is forming an Ascending Triangle and currently bounced back from the Triangle support at about $9.30 which is also the 200D MA support. Current OCBC stock chart looks like going to move above all the 3 Moving Averages and heading towards the potential breakout of this triangle chart pattern. MACD is heading towards [...]
January 3rd, 2011 by Marubozu
Ziwo is breaking out from an Ascending Triangle with a price target of $0.434 (which is also a 138.2% Fibonacci Retracement Level).