OCBC Bank broke 200D SMA support today and technically bearish as the stock is trading below 20D, 50D and 200D SMA. OCBC bank continue to trade within a “Lower High, Lower Low” down trend channel. Bears out there, have fun shorting!
Swiber is on confirmed down trend now after breakout from the wedge pattern and the 200D SMA support The stock is currently trading in a “Lower Low, Lower High” down trend channel. Currently the stock rebounds to retest 200D SMA support turned resistance. Next significant support is predicted at $0.57 which is the 161.8% FR target.
Yanlord has broken out from the Head and Shoulders and rebounded to test the neckline at about $1.50. The current rebound has halted after Yanlord showed a Doji candle. If Yanlord cannot go above this neckline resistance and turn down with a bearish candle, Yanlord will continue the down trend. Take note that Yanlord has formed a “Lower High, Lower Low” down trend channel. Immediate support is $1.405 (61.8% FR) followed by $1.32 (200D SMA).
