Similarity Between OCBC and UOB. Earnings Result Similar?
@nerdbull1669：
$OVERSEA-CHINESE BANKING CORP(O39.SI)$ will be reporting their earnings on 04 Aug 2023, fellow Singapore Bank, UOB has just announced a stellar earnings. I have gone on to check on how OCBC stock have been doing, it seem like there are some similarity from using ADX (Average Directional Index). Similar to UOB, OCBC ADX just touch 20 which indicate a developing trend and +DI is above -DI by a wide margin which suggest a strong bullish developing trend. I would consider to enter OCBC before its earnings. This is how $UNITED OVERSEAS BANK LIMITED(U11.SI)$ ADX look like. ADX just touch 20 and in developing trend, +DI suggest strong bullish upside. Appreciate if you could share your thoughts in the comme