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 a bullish convergence region too. Breakout target price is about $10.20.  Current level looks like an attractive entry level to ride on the short term bull trend for OCBC Bank.

However, current chart pattern will not be valid if OCBC breaks below the 200D MA support.

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