Friday, August 2, 2019

OCBC - Gap Down







As highlighted yesterday that OCBC cooled off together with DBS yesterday, indeed, even with some good results from OCBC yesterday, the stock gap down instead of gaping up.

https://www.theedgesingapore.com/capital/results/ocbc-posts-1-rise-2q-earnings-122-bil-declares-interim-dividend-25-cents-share


There must be some reasons why the stock cooled off after a good rise. Well, last evening was very tricky s suddenly trump hit china with another $300 billion tariffs which caused the market to spiral downwards. That's the news which caused the market from +287 points to -280 points. It's a wild swing but it caused all the banks here to gap down. It's another volatile season.

https://www.investing.com/news/stock-market-news/futures-edge-higher-as-focus-shifts-from-fed-to-earnings-1942365

Ronald K - Market Psychologist - A Stock Market Opportunist