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.
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