Here is a chart of OCBC. Notice that the price corrects above to the intersection of the 400 day moving average and the congregation of shorter moving averages and then moves downwards.
Very negative. The MACD looks to be doing a slingshot to the downside.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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