czkn

DBS on route to recovery

Long
DBS (SGX:D05)  
SGX:D05   DBS
Chart has shown a series of higher lows while respecting channel support on a daily closing basis and we can expect price to continue this upward trend.
If you are already long on this trade, the first TP should be at the 50MA where supply will start to come in.
The next opportunity for a long entry would be either at pennant support or when we get a daily close above $20 (which is also above 50MA*).