OCBC chart has hit a resistance level.

Analysing the chart for OCBC, there is a very noticeable triple top formation, and there appears to be another pullback at the resistance level at the $9.00 mark, a level from where previous price pulls backs were observed on last December and April. At this price level is also OCBC's own price channel formed before May, the month when the price channel was breached.

Bollinger bands are tightening, indicating that a significant price movement is about to occur. Price could be supported at 8.40 level where the 200D MA is at, or further down at the neckline of the triple top formation at 8.00.

NOL in a symmetrical triangle

Over the last few months, NOL prices has formed a symmetrical triangle. A symmetrical triangle is a continuation pattern and represents a continuation of trend, and if this is the case, for NOL it will be a continuation of its long term uptrend. Symmetrical triangles do on occasions also do results in a reversal as price actually breaks below this triangle. Any close above 2.10 over a maybe say 3 day period could very likely translate into a bullish outbreak for NOL.
The second scenario would be a break below the symmetrical triangle, below 1.87, representing a bearish outbreak. Do take note that on August 2, NOL 2nd quarter results will be out.

It will be interesting to note that similar shipping counters like Yangzijiang and Cosco have been rising since last week, outperforming NOL.

Noble Group Bearish

I am still new to Elliot, but with my understanding, it seems that Noble Group is undergoing the 3rd motive wave downwards. The first motive wave has brought it down to a price of 1.54 before the subsequent corrective wave took it up to a price of 1.92. Now it seems that Noble is into the third wave. As the third wave is never the shortest, but usually the longest, it might be bearish for Noble. Correct me if I am wrong.

We would have to wait for some fundamental reasons to lift market sentiment on this stock, and turn the downtrend around.