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Focus on OCBC and Shengke Industrial Group: What information is hidden in the stock price trend?

OCBC's technical indicators suggest that there is significant potential for further gains over the long term, while the share price movement of Sembcorp suggests the possibility of a mean reversion rally.。

In this article, we will examine Singapore-listed Overseas-Chinese Banking Corp Ltd ("OCBC") and Sembcorp Industries Ltd.。OCBC's technical indicators suggest that there is significant potential for further gains over the long term, while the share price movement of Sembcorp suggests the possibility of a mean reversion rally.。

Here are some key points of the technical report:

OCBC Bank

MARKET POSITIONING: LAST QUOTED AT S $13 PER SHARE.S $36, technically recommended to buy。

Entry price: 13.36 SGD, 13.00 SGD and 12.S $86, with support levels at 13.05 SGD and 12.S $73。

Stop loss and resistance levels: recommended at 12.S $60 to set a stop loss, with resistance levels at 13.S $40 and S $14.10 SGD。

Target price: 13.S $70, 14.00 Singapore dollars, 14.S $20 and 14.S $50。

OCBC provides a full range of financial services, including deposits, corporate, corporate, personal loans, international trade finance and investment banking.。

Shengke Industrial Group

MARKET POSITIONING: Last quote was S $5 per share.S $11, technically recommended to buy。

Entry price: 5.S $11, 4.S $95, 4.S $84, with support levels at 4.S $96 and 4.$64。

Stop loss and resistance levels: recommended at 4.S $75 set stop loss with resistance levels at 5.S $43 and 5.S $75。

Target price: 5.S $43, 5.S $75, 6.00 SGD and 6.S $50。

Company Profile: Sembcorp Industries provides utilities and integrated services for industrial sites, including electricity, gas, steam, water, wastewater treatment and other field services。

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