What I like about $OVERSEA-CHINESE BANKING CORP(O39.SI)$
1) Stock price is stable and has been trading within 3 zones since March 2021.
2) Price "respects" 200 EMA = it means institutions and investors are usually "queuing" to buy up the stock when it touches 200 EMA
Currently price is reaching resistance at $12.77. If it breaks $12.77, it will go up to challenge previous high of $13.54 and it may even make a new high. However if price doesn't break, it is possible to retrace down to "MID ZONE" which is also the 200 EMA support line at around $11.50-$12. That will also be a good zone for you to do some "Dollar Cost Averaging".
But generally OCBC is a "boring" stock and it is not a "life or death" situation whether you are buying at the upper or lower zone. Because it is not a growth stock, it is a dividend stock. And if I am a long term investor, this is the kind of stock that I want to hold for the long term without worrying too much about price fluctuation like it's competitor $UNITED OVERSEAS BANK LIMITED(U11.SI)$ .
Good luck with investing. Cheers.
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