As Singapore’s banking sector continues to attract attention amid a resilient market environment, OCBC (O39.SI) is emerging as one of the steadier uptrend plays among the blue chips. The stock has maintained a well-structured climb over the past year, supported by strong price action and consistent higher lows. More recently, OCBC has pushed above the key $22.00 level, with a fresh 1GT Bullish signal appearing, signalling that buying momentum may be building again after a period of consolidation. This suggests that the trend is not only intact, but potentially preparing for its next leg higher.

In this article, I break down OCBC’s chart using the One Good Trend (1GT) strategy, highlighting the key support and resistance levels that matter most right now, and what traders should watch for next. I also share how Daily Leverage Certificates (DLCs) listed on SGX can be used to participate in the move with flexibility and leverage.

Overseas-Chinese Banking Corporation Limited (O39.SI) is one of Singapore’s leading banking groups, with a strong presence across commercial banking, wealth management, and insurance, and is widely regarded as a core blue-chip financial name on the SGX.

OCBC continues to display a well-structured and sustained uptrend, supported by a clear series of higher highs and higher lows over the past year.

After a recovery from April 2025, the stock entered a controlled consolidation phase and was capped under the $17.00 level, allowing the trend to reset while maintaining its bullish structure. 

Importantly, this consolidation took place above the rising medium- and long-term moving averages, signalling strength rather than weakness.

Afterwards, OCBC managed to break above this key resistance level in early November 2025, and has shown more strength since then. 

Price was trading under the key resistance of $22.00, and managed to push above the $22.00 resistance level recently, which now acts as a key near-term support zone. 

This breakout suggests that buyers are stepping back in, with momentum beginning to build again.

Notably, a recent 1GT Bullish signal has appeared around the $22.00 region, and this signal is still playing out. 

From a trend perspective, the 20-day moving average (green line) started to slope upward and remains firmly above the 100-day (red line), while the 100-day moving average itself is trending higher and stays well above the 200-day (blue line). 

This alignment confirms that the broader trend remains intact and firmly bullish.

The $22.00 level now acts as immediate support, and as long as price holds above this zone, the current 1GT Bullish signal remains valid and continues to support the bullish bias.

Traders may look to accumulate on pullbacks toward the $22.00 support, as long as price structure remains intact above this level.

Overall, with the 1GT Bullish signal still active, moving averages aligned to the upside, and price pushing toward resistance, OCBC remains technically strong.

Until a red 1GT bearish signal appears, the trend bias stays bullish, with the current move suggesting that this uptrend may still have room to extend further.

So, how does one take a position in OCBC whereby you are able to reap more potential return to ride either the downside or upside further?

Those keen to ride on the short-term upward momentum in OCBC shares can consider using Daily Leverage Certificates (DLCs) traded on SGX to leverage on that move.

The reason for that is that the DLCs can potentially generate magnified returns for a given move in the underlying. 

Traders who are bullish can consider the OCBC 5xLongSG261217 (TUAW), while those who are bearish can consider the OCBC 5xShortSG261217 (MPOW) as shown below.

Singapore Stock DLCs

The Singapore Stock DLCs are designed to provide a fixed no. of times leverage performance on the underlying Singapore stock’s daily movement, based on a market-to-market close basis on the SGX. 

Using OCBC DLCs as an example, this means that for each 1% move in the underlying stock price, the respective DLC will move approximately 5% in the corresponding direction, before fees and costs.

These DLCs are listed and traded on the SGX just like any other stock from 9:00AM to 5:00PM, and can be accessed through your regular brokerage account. 

Visit https://dlc.socgen.com/en/home to find out more. 

Joey is Singapore’s renowned mentor on how to make an income by trading the stock market, an author and one of the most-watched, quoted and followed stock trading trainers in Singapore. Over the years, he has conducted numerous full house seminars, enriching thousands to trade more profitably. 

Joey’s come back story from a S$740k debt has been featured in the Business Times and inspired thousands in Singapore. In less than 3 years, he is highly regarded as one of the Top Tier Remisiers (Stock Brokers) and Traders, bagging numerous yearly awards like Top Trading Representative and Top CFD Achiever every year from 2014 to 2023 in Phillip Securities.

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This article was created in partnership with Societe Generale (Singapore branch). This advertisement has not been reviewed by the Monetary Authority of Singapore. The views expressed under this article represent the personal and independent views of the author and do not constitute investment advice. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see http://www.dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.