Tag Archive for 'Ascending Triangle'

OCBC Breaks Down from Ascending Triangle

Previous Analysis is no longer valid.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.

OCBC Bank: Good Entry Now

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 [...]

Ziwo Breaks Out!

Ziwo is breaking out from an Ascending Triangle with a price target of  $0.434 (which is also a 138.2% Fibonacci Retracement Level).