OCBC Bank has formed multiple tops with resistance at about $9.13 and currently trading in a Rising Wedge. Rising Wedge is a reversal pattern in an uptrend. Breaking down this Rising Wedge will send OCBC share price to $7.40. OCBC stock price is currently trading just above the 200D MA support. This 200D MA support coincides with the Rising Wedge Support. The chart looks bearish at the moment.
- Post author:Marubozu
- Post published:September 21, 2010
- Post category:OCBC Bank
- Post comments:6 Comments
Tags: Rising Wedge