ocbc share price

However, I also see a cup and handle formation, therefore, bets off if the recent high is taken out and goes above the wedge formation. OCBC under bearish pressure potential for further drop. (Uncertain) Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin, EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF, Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc, S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index, Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin, US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y. Earnings Announcement for Period Ending Q3/2020. OCBC share price is trending up long term, the long term uptrend joins the bottom of the chart. Consider it a Rising wedge or a flag/pennant (on longer timeframe). OCBC share price: ↓ 29.79%. .hide-if-no-js { On the H4, a pullback to test our sell entry could present an opportunity to go short. Find market predictions, O39 financials and market news. Price is facing bearish pressure from our resistance in line with our trend line where we could see a further drop below this level. Stock analysis for Bank OCBC Nisp Tbk PT (NISP:Indonesia) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Stock analysis for Oversea-Chinese Banking Corp Ltd (OCBC:Singapore) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The move came as global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades. Looking at a short on OCBC Bank(O39.SI) as well here, price is facing bearish bias from our pivot level and 20 period EMA, where we could be seeing a reversal to our first support level. Kevin Kwek, senior analyst at Sanford C. Bernstein, said the sector's results were "not too bad" considering that the June quarter globally would "arguably be the worst quarter in history". For research report, you can go to OCBC Research Reports , If you want to learn more about my course you can go to The Systematic Trader. Price broke out of key descending trend line, a test of our buy entry could present an opportunity to go long and play to our take profit target. We will now look at OCBC on the Daily Chart. Jakarta, 12940 Even if you want to hold long term, I think the company is fine. Both in my view are bearish formations in current context. We had a few crises along the years. © 2020 Verizon Media. The result underscored a cautious sector outlook as larger peer DBS Group and smaller competitor United Overseas Bank shored up allowances and cut costs to deal with the double whammy of low interest rates and weak growth. Tip: Try a valid symbol or a specific company name for relevant results, Singapore markets open in 1 hour 49 minutes, Manage construction projects successfully. Save my name, email, and website in this browser for the next time I comment. The Insurance segment offers fund management as well as life and general insurance. Study online with UCT. The content provided within this blog is property of CollinSeow.com and any views or opinions are shared for educational purposes only and are not recommendations to buy or sell shares. Price is approaching support where a test of our buy entry could see a bounce above this level. Post was not sent - check your email addresses! OCBC share price is trending up long term, the long term uptrend joins the bottom of the chart. The company was founded in 1932 and is headquartered in Singapore. The country's finance minister forecast a steeper economic contraction this year than earlier predicted, adding to troubles for a government which has spooked foreign investors with moves to change the country's central bank law.  =   ×  The price at which new shares will be issued in lieu of the cash amount of dividend: Interim 2020: S$7.81: Interim 2019: S$9.57: Final 2018: S$10.55: Interim 2018 If you want to take your trading to the next level with me, click the image below! Each person must conduct their own research, analysis, and risk assessment before every trade. In conclusion, if you want only when there is blood on the street, I think you still need to wait. Notify me of follow-up comments by email. 6 Required fields are marked *. Starting with the Asian financial crisis in 1998, then the SARS period in 2003 followed by the Global Financial Crisis. The Monetary Authority of Singapore (MAS) said on Tuesday that it was 'closely studying' media reports that Singapore banks had informed U.S. regulators of suspicious transactions. Cleared the 1st hurdle (above moving average, cloud and downtrend resistance line). ' by Collin Seow | Jan 24, 2020 | Featured, Market Outlook, Singapore Stocks, Technical Analysis | 0 comments. Overall direction is bullish for me now as long as prices holds above the trend line and a break above the immediate ressistance at 8.69 could see prices push higher. With the city-state facing its deepest recession ever, the Monetary Authority of Singapore called on banks to cap total dividends per share for FY2020 at 60% of what they paid out in 2019. It operates through the following business segments: Global Consumer or Private Banking; Global Corporate or Investment Banking, Global Treasury and Markets, Insurance, OCBC Wing Hang, Insurance and Others. If price breaks above our descending trend line, it could provide room for more upside confirmation. The Global Corporateor Investment Banking segment provides project financing, overdrafts, deposit accounts, trade financing, syndicated loans, advisory services, and cash management. So based on the current price, we are not in crisis mode yet. Touch device users, explore by touch or with swipe gestures. Sorry, your blog cannot share posts by email. Will it be able to clear 2nd hurdle (maintain above the 1st hurdle, clear the 11.19 level and the next downtrend resistance line)? If you want to trade, you can buy at 10.40 or 10.60 region sell at 1140 region. The Global Consumer or Private Banking segment offers checking accounts, fixed deposits, savings, consumer loans, credit cards, wealth management products, and brokerage services. Share prices for a company is subjected to market forces and can fall dramatically, even to zero. Price is trading within a range now and is facing bearish pressure from our descending trend line and Ichimoku cloud and a test of our resistance could see a reversal below this level. SAP CEO: Pandemic an Inflection Point as Customers Move to Cloud, OCBC NISP Tower, 16/F Before it's here, it's on the Bloomberg Terminal. Find the latest OCBC Bank (O39.SI) stock quote, history, news and other vital information to help you with your stock trading and investing. Short term, price should remain sideways. Singapore asked its banks on Wednesday to cap dividend payments this year to conserve capital and increase capacity to lend to businesses and individuals due to the grim economic outlook caused by the COVID-19 pandemic. www.tradingview.com View live COMSTAGE ETF CAC 40 LEVERAGE(EUR) chart to track latest price changes. Discover new investment ideas by accessing unbiased, in-depth investment research, How He Made $2.8M Trading Stocks Part-Time At Home. Our first resistance is in line with our 23.6% retracement, 78.6% extension and descending trend line as well. That said, we do caution the limited upside in prices a price is still holding below our descending trend line. Firstly, form the Exponential Moving Average (15 , 30) for both stocks are on uptrend. Price is approaching support where we could see a bounce above this level. Looking for alternative interpretations! Mainland China segment consist of the business of Wing Hang Bank (China) Limited and the Company's... INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, Chief Executive Officer & Executive Director. OCBC WING HANG BANK LTD : Stock quote, stock chart, quotes, analysis, advice, financials and news for share OCBC WING HANG BANK LTD | Shanghai - Hong Kong Stock Connect: 0302 | Shanghai - … Price is facing bearish pressure on the larger time frame. Moving Average Convergence Divergence (MACD), OCBC, multiple testing at support weakens it, OCBC approaching support, potential bounce, OCBC facing bearish pressure, wait for pullback to go short. Oversea-Chinese Banking Corp. Ltd. engages in the provision of financial and banking services. OCBC Bank hit into a long term trendline support as well as a med term horizontal support this morning and is now bouncing off these supports. Ownership. All rights reserved. These are some of the previous post on OCBC. Look out for the breakdown of the wedge. Hong Kong segment consist of retail banking activities, corporate banking activities and treasury activities. OCBC Share Price Weekly Chart. }. Price is facing bearish pressure from our resistance in line with our 78.6% extension and 23.6% retracement where we could see a reversal here. About OCBC NISP > Investor Relation > Shares and Bonds Informations > Shares Information > Share Price Graphic. Price is approaching our resistance in line with our trend line where we could see a reversal below this level. Your email address will not be published. The banks have been selling off due to a lower interest rate environment which now gives rise to the opportunity for some short or swing trade at smaller risk levels. Things are somewhat less precarious for Singapore’s second largest bank – in terms of the fact that its share price has not fallen as much as the other two lenders. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3lKhL5I * Singapore shares at lowest since April 6 as banks drag * Indonesia posts record daily increase in virus cases By Anushka Trivedi Sept 22 (Reuters) - South Korean stocks led a slide in emerging Asian markets on Tuesday, shedding more than 2% to touch a one-month low, as investors dumped riskier assets after fresh COVID-19 outbreaks in Europe hit hopes for a speedy global recovery. OVERSEA-CHINESE BANKING CORP (O39.SI) Share Price History of OCBC … I will be going long with a stop just below this... Laggard Stock among the 3 local Singapore Banks: DBS, OCBC and UOB. Jln Prof Dr Satrio Kav 25 Lastly, from RSI level, both are around 60, shows both stocks are favorable to investor. The OCBC Wing Hang segment engages in commercial banking activities. Kyle Dennis took a leap of faith and decided to invest his savings of $15K in the stock market — $2.8M later, he owes his success to these strategies. Singapore's second-largest lender Oversea-Chinese Banking Corp reported a larger-than-expected 40% tumble in second-quarter net profit on Friday, hurt by loan-loss provisions in a pandemic-hit market and a slowdown in customer activity. Trade ideas, forecasts and market news are at your disposal as well. Your email address will not be published. On the Daily Chart, I have marked out the current support and resistance level. Indonesia. When autocomplete results are available use up and down arrows to review and enter to select. Banks from many countries were named in the report by the International Consortium of Investigative Journalists and based on leaked documents obtained by BuzzFeed News. Descending triangle and a strong bearish impulse downtrend indicate the dominant trend is still bearish.

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