Divergence Trader

Trading Idea - OCBC (Short Sell)

Francis Chua
Publish date: Tue, 11 Nov 2014, 04:47 PM
Francis Chua
0 10,452
To find the truth, look below the surface

OCBC Hidden Selling

This morning, OCBC hit $10.22 but MACD histogram is ticking down and bearish divergence is formed.

It has reached $10.31 which was on 21st May 2014. There is hidden selling when prices were at $10.22-10.20

I took the opportunity and short sell 5,000 shares of OCBC at $10.18.

OCBC Chart

 

OCBC Short Sell

The post Trading Idea – OCBC (Short Sell) appeared first on Divergence Trader.

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