Shares & Derivatives
Stock Pick – DBS, OCBC and UOB
By Stock Market  •  September 12, 2012
DBS
To me, it has completed a Bearish Shark Pattern. At this moment, there are two possible harmonic setup patterns. (1) Bearish Three Drives, with a possible target area of 15.900 - 16.420 (2) Bullish Bat or Bullish Crab, with a possible target area of 13.350 - 13.700 or below 12.350. Failure to stay above 14.600  and/or closing above the gap level of 14.680 - 14.820 will indicate the likelihood of tthe later setup. Range bound area: 14.190 - 14.820.
OCBC
Staying below the Median Line of Andrew's Pitchfork, followed by a move below 9.04 0indicate the possibility of trending in the lower channel or testing the Lower Line.  A move above 9.500, followed by 9.650, will test the previous high of 10.090 - 10.160, resisted by the Upper Line. Range bound area: 9.040 ...
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