During the month of November 2009, banking stocks had been in the limelight as they rallied more than 15%, making them the best performing stocks. Since hitting a high of $8.74 on 24^th November 2009, OCBC had started to consolidate around its support levels. The uptrend of OCBC remains intact as the 20 and 50-day moving averages continue to trend upwards. Interestingly, a bullish crossover was detected in the Stochastic oscillator and it is now inching up towards the 80% overbought level which suggests a revival in upside momentum. Be on the lookout for its immediate resistance at $8.70 and a break above it may see a surge towards the next classical resistance at $9.00. Immediate support at $8.20 shall contain any pull-backs for now but a violation below it may negate the bullish tone to see a correction towards the hammer support at $8.45.