OCBC further price decline?
https://www.tradingview.com/chart/vAnVki8y/
Looking for alternative interpretations!
Money Flow Index: 33.24, small room for further decline. Might also be biased towards 27th May distribution volume ex dividend. (Uncertain)
CMF: - 0.29 as of 29th May. Major sell off unlikely, limited room for major demand declines (Uncertain)
Moving Averages: Likely for 14 day SMA to cross under 50 day SMA (Bearish)
Fib Retracement: Resistance at 9.07 (38.2%) remains untested, period selected from 20th Feb to 23rd March for Fib Levels (Bearish)
MACD: MACD line crossed under Singal Line, unlikely to break above the 0 line into positive territory soon (Bearish)
Side note, Bollinger Bands look to be tightening, may have stronger price action soon, hopefully to lower price levels!
End May Events:
- Rising U.S-China Tensions over HK security legislation
- Protests emerging across U.S, George Floyd incident
Looking for alternative interpretations!
Money Flow Index: 33.24, small room for further decline. Might also be biased towards 27th May distribution volume ex dividend. (Uncertain)
CMF: - 0.29 as of 29th May. Major sell off unlikely, limited room for major demand declines (Uncertain)
Moving Averages: Likely for 14 day SMA to cross under 50 day SMA (Bearish)
Fib Retracement: Resistance at 9.07 (38.2%) remains untested, period selected from 20th Feb to 23rd March for Fib Levels (Bearish)
MACD: MACD line crossed under Singal Line, unlikely to break above the 0 line into positive territory soon (Bearish)
Side note, Bollinger Bands look to be tightening, may have stronger price action soon, hopefully to lower price levels!
End May Events:
- Rising U.S-China Tensions over HK security legislation
- Protests emerging across U.S, George Floyd incident
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.