OCBC has broken the neckline of a Rounding Top / Triple Tops. The recent rebound failed to go above the neckline and thus this previous support now become resistance. All three 20D, 50D, 200D SMA are trending down. 2/5 EMA are showing bearish signals on both daily and weekly chart. OCBC has also broken the recent low of $8.40 and the price target for this shorting trade is $8.00 (161.8% FR).

• Current Price = $8.38
• Current PE = 12.46
• Rolling PE = 11.45
• Dividend Yield = 3.58%
• Beta (75 days) = 0.99 (highly correlated to STI)

See other Straits Time Index 30 Stocks Watchlist.