Friday, 29 April 2016

OCBC Bank (O39) - 29 April 2016


OCBC Q1 profit down 14% on lower insurance income and higher allowances.
http://www.channelnewsasia.com/news/singapore/ocbc-q1-profit-down-14-on/2741752.html

Technically, there seems to be selling before the results are out and it closed below the 50-day Moving Average today at $8.77.
The current support level is at about $8.67 and the next support is at $8.50 (100-day MA).

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