dchua1969

Ride on the bank of Asia - DBS

Long
DBS (SGX:D05)  
SGX:D05   DBS
See chart

Other than it is a Temasek backed bank, it is also one of the best managed bank in Asia. It has now broken out of the bearish trend line . Let's wait for the pullback and get ready to ride high with it.
Comment: I know, it is slow like a snail. Know what, it pays a healthy dividend and rock solid stable and being on the key components of STI index. So, I like to buy and keep it for the long haul.
Comment: Praise lord. the price has broken out of the support at 26 level and if it maintains, we can expect it to head higher towards 27.
Comment: now it has finally settled at the support level of 24.05. This is a nice price to enter , let's wait for tomorrow or so to see if it can sustain above this level

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