Thursday, January 05, 2006

OCBC (O39) updated


OCBC currently exhibited a beautiful chart. I like the clinging of the upper Bolinger Band and its MACD signals opened with aggressiveness in the Bullish Zone. No hiccup on the envelopes that sloped upwards evenly. The Momentum and ADX chart were perfect conditions to induce a buying spree. Certainly, no cause for worry of Overbought as long as the CCI that curl downwards is still above the 100 mark. Among the banks, OCBC still look a reasonable value to get in. Also bear in mind, in the air, the next rotational play shall be the Bank!

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