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TradingBean
Apr 5, 2020 5:21 PM

DBS (D05) - Key levels to BUY Long

DBSSGX

Description

Hey guys! Here's my view on D05:

Summary
I will place a BUY limit at the second support zone 11.52 - 12.40.

Action:
Buy Limit: 11.52 - 12.40
Stop Loss: 9.90
Take Profit: 16.90

Analysis:
Price is testing the 1st support zone now and we could see a bounce to our resistance zones highlighted in red.

IF price breaks the 1st support zone, it is likely to push lower to our 2nd support zone where I will look to enter a BUY limit there.

Alternatively, you can also look to play the bounce at current price to our first resistance zone before waiting for another entry at the 2nd Support Zone.



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Comments
zanderion
Keep em coming!
TradingBean
@zanderion, will do! keep a lookout for them :)
newcreation1960
Good one, thanks for sharing
TradingBean
@newcreation1960, you're most welcome!
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