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Exam results are out. Is this the time to go for a holiday? (version 2)
 
Singapore

OCBC
 

OCBC chart is similar to STI. OCBC has finally broken through the 200-day moving average which is a psychological sign of bullishness. However with the recent run to the upside, the bull is showing possible exhaustion with Stochastic showing a bearish divergence. Notice that the price is continuing to the upside with Stochastic forming a lower high. Be on the lookout for OCBC to be supported by 20-day moving average with possible support at $5.95 and $5.50. Once OCBC breaks the recent high of $7.36, possible resistances are $7.80 and $8.25.

 
 
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