OCBC (O39) updated

OCBC has a beautiful Chart formation now. A breakout of the regression channel with vol of 6.4 Mil against the most recent 10 period average of 5.1 mil. The CCI demotes a short term of not overbought but remained neutral with longer term stands bullish. See the OBV against its trend line – a tilt positively upwards indicative of good buying pressure. The MACD with both signals lines rolled over and set to cross into bullish zone soon. A single bottom pattern empowered its bullish robustness. Also, its significance re-emphasized by the price drifting away and moved above the 15 D MA. UBS is bullish on OCBC with its emphasis on the bank’s capital realization