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.
Tags: Triple Tops