OCBC Share Price Weekly Chart

OCBC share price is trending up long term, the long term uptrend joins the bottom of the chart. We had a few crises along the years. Starting with the Asian financial crisis in 1998, then the SARS period in 2003 followed by the Global Financial Crisis. So based on the current price, we are not in crisis mode yet. However, with this Wuhan virus, prices may drop. We will now look at OCBC on the Daily Chart.

OCBC Share Price Daily Chart

On the Daily Chart, I have marked out the current support and resistance level. The support is 10.40- region, there is also another support at 10.60. The resistance is at 11.40 region. Short term, price should remain sideways. The moving averages 20 and 40 is showing sideways trend.

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These are some of the previous post on OCBC.

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