Blink fans why did ocbc fall RSI analysis SG61 Trading Arena for SGX Listed Securities!
$OCBC Bank(O39.SI)$ $DBS Group Holdings Ltd.(DBSDF)$ $UOB(U11.SI)$ My first reaction: I would not automatically treat a 5% fall in OCBC as bad news. When a fundamentally strong bank falls sharply without an obvious company-specific negative announcement, I want to ask three questions: 1. Why did it fall? 2. Where is the technical support? 3. What price gives me a good risk-to-reward entry? For OCBC, the important level right now is around S$30.50–S$30.60, because that is where the 60-day moving average and today’s intraday low are sitting. The bigger question is whether this is simply profit-taking