Singapore banks in bearish territories.

All 3 Singapore banks (UOB, DBS, OCBC) are in bearish territories in the Ichimoku charts. If Singapore is a financial hub and the banking stocks is a reflection of the economy, then the charts are clearly showing the significant resistance ahead. I expect tough times ahead in 2012.       UOB with support at… Continue reading Singapore banks in bearish territories.

OCBC Bank (O39.SI) : Accelerated fall. Bearish

  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… Continue reading OCBC Bank (O39.SI) : Accelerated fall. Bearish