The bank sector both DBS and UOB up quite a lot except OCBC. For the past two trading days up to now, DBS +4.9% and UOB +4.6%, and OCBC is still zig-zag hovering at around 8.0. In fact it has been consolidating at 7.8-8.0 for the past four weeks or so. A break above 8.0 firmly will be a signal to more upside move. I'm rather bullish than bearish on it, just take a look at the candlestick color over the past seven days, more bullish or more bearish? There are six green color out of seven candlesticks.
Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Thursday, January 12, 2012
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