OCBC has been falling.
On the Ichimoku Chart, the stock has been bearish since August. with 4 gap down over the last 1 month.
In fact, the last 3 trading days, has seen it gap down again; suggesting that the fall is now being accelerated.
I think this will be a great setup for a ‘falling knife’. What’s the catalyst to go ‘Long’ now?
YUM has been trading at a tight range since May last year.
Recent rally has seen it went up till $36 with resistance level at 36.64
The Chikou Span has also pierce through the price level; a suggestion that it is moving up.
If YUM breaks this level, target price for it is $39.
If it fails to break through, we may see a reversal and YUM may test support at $32.50
DRYS seems to be setting up for a swing trade.
Unfortunately for me, I entered a bit early and was stopped out last night when it dipped below 6.20
After it hit my stop, it climbed back above 6.20 and close even higher.
