lixing_gan

DBS facing bearish pressure

Short
DBS (SGX:D05)  
SGX:D05   DBS
Price is facing bearish pressure from our descending trend line , a test of our sell entry could see a reversal from here.

Comments

hey man camrilla S4 monthly as at 21.25 so it make sense that if S4 resistance does not hold price will rocket. i am bearish cos i want to buy more cheap! and my price target is around 18.5 but i think there is more possibility of positive move up than negative move down. I hope you are right! If i am shorting I would wait to see how the price action looks like in the 21 to 22 range before shorting. I will be looking to sell. but i not sure how quickly its gonna happen. 1h MACD almost a sell call. 4Hr Macd is still not there yet . so i think price can reach higher before we see prices heading south.
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