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Weekly chart for OCBC shows a double top pattern formation and the daily chart went under the 200MA yesterday, tested it today and had a huge sell down at the close - ie not a good sign, especially since STI was up 1.7% today. It is now at its support point and if this does not hold, it may head towards its next significant support at 7.44. But then again, if the market sentiments are ok tomorrow, then a quick 1-2 day opportunity counter trend trade may be possible.




F&N looks to be in a symmetrical triangle formation and it is nearing its apex. Though it is generally a continuation pattern, ie should be breaking upwards, it may also break down if the market goes bearish.