Price is approaching our first resistance in line with our horizontal swing high resistance, 78.6% fibonacci retracement and 127.2% fibonacci extension where we could see a reversal below this level to our first support target.
OCBC is seeing reversal of trend based on trendline,more drop! Entry at possible pullback at 76% fib retracement and target is in line with -27% fib retracement and horizonal swing low.
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. 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.
