OCBC Bank: Triple Tops in Formation

OCBC’s upside look limited as the stock has reached the critical resistance level at about $9.00. This level is 52 weeks high and also the resistance of the previous up trend support.  A Triple Tops may be in formation with the same neckline extended from the previous Double Tops.  Have a close eyes to watch whether 20D, 50D and 200D MA support is strong enough. If the neckline is broken at about $8.10, the price target is $7.00.

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