W‌hat I like about $OVERSEA-CH-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Last one standing

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

meltb
2023-01-17
meltb
ok
夏妍
2023-01-17
夏妍
s
淋淼淼
2023-01-16
淋淼淼
Ok
OO_898
2023-01-16
OO_898
Like
Dogecake
2023-01-16
Dogecake
Yessir
ProtectorK
2023-01-16
ProtectorK
Ok

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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-$12. That will also be a good zone for you to do some \"Dollar Cost Averaging\".</p>\n<p><br></p>\n<p>But generally OCBC is a \"boring\" stock and it is not a \"life or death\" situation whether you are buying at the upper or lower zone. Because it is not a growth stock, it is a dividend stock. And if I am a long term investor, this is the kind of stock that I want to hold for the long term without worrying too much about price fluctuation like it's competitor&nbsp;‌<a href=\"https://laohu8.com/S/U11.SI\">$UNITED OVERSEAS BANK LIMITED(U11.SI)$ &nbsp;</a>‌.&nbsp;</p>\n<p><br></p>\n<p>Good luck with investing. Cheers.&nbsp;</p>\n<p><br></p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/2cebbe959200b754416b44e2e9410931\" tg-width=\"200\" tg-height=\"200\"><img><span><br></span></p>\n<p><br></p></body></html>","htmlText":"<html><head></head><body><p>W‌hat I like about&nbsp;<a href=\"https://laohu8.com/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$ &nbsp;</a>‌</p>\n<p><br></p>\n<p>1) Stock price is stable and has been trading within 3 zones since March 2021.&nbsp;</p>\n<p>2) Price \"respects\" 200 EMA = it means institutions and investors are usually \"queuing\" to buy up the stock when it touches 200 EMA</p>\n<p><br></p>\n<p>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-$12. That will also be a good zone for you to do some \"Dollar Cost Averaging\".</p>\n<p><br></p>\n<p>But generally OCBC is a \"boring\" stock and it is not a \"life or death\" situation whether you are buying at the upper or lower zone. Because it is not a growth stock, it is a dividend stock. And if I am a long term investor, this is the kind of stock that I want to hold for the long term without worrying too much about price fluctuation like it's competitor&nbsp;‌<a href=\"https://laohu8.com/S/U11.SI\">$UNITED OVERSEAS BANK LIMITED(U11.SI)$ &nbsp;</a>‌.&nbsp;</p>\n<p><br></p>\n<p>Good luck with investing. Cheers.&nbsp;</p>\n<p><br></p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/2cebbe959200b754416b44e2e9410931\" tg-width=\"200\" tg-height=\"200\"><img><span><br></span></p>\n<p><br></p></body></html>","text":"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. 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