OCBC formed a hammer at 38.2% (61.8%) Fibonacci support with a confirmation candle. RSI is oversold. My Technical Analysis class students should know what does it mean. Draw a 0%-100%-61.8% Fibonacci Level to derive the price target of this retracement.

Take note that OCBC has just started a new down trend after breaking down from a Symmetrical Triangle. There may be a swing trade opportunity if a down trend channel is formed. Price target of this Symmetrical Triangle breakout is $8.85. Good luck!

Original post by Marubozu My Stock Investing Journey