Similarity Between OCBC and UOB. Earnings Result Similar?
$OCBC Bank (O39.SG)$ will be reporting their earnings on 04 Aug 2023, fellow Singapore Bank, UOB has just announced a stellar earnings.
I have gone on to check on how OCBC stock have been doing, it seem like there are some similarity from using ADX (Average Directional Index).
Similar to UOB, OCBC ADX just touch 20 which indicate a developing trend and +DI is above -DI by a wide margin which suggest a strong bullish developing trend.
I would consider to enter OCBC before its earnings.
This is how UOB ADX look like. ADX just touch 20 and in developing trend, +DI suggest strong bullish upside.
Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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