machintose

Opportunity to LONG DBS

Long
DBS (SGX:D05)  
SGX:D05   DBS
I spot a potential entry to LONG SGX:D05 in the coming days with a good RR.
Almost a month DBS is ranging from $21 to low $20ish, the consolidation is getting tighter and compression needs to be released.

To cut the story short, here is my personal call:

Buy Limit at $20.00
Stop Loss at $19.50
Take Profit at $21.60
Risk Reward Ratio = 3.12R

Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Trade active: Buy Limit is triggered.
Comment: Move SL to entry level and we enjoy the ride.

Comments

Thanks. I agree on your analysis. Right now the price is nearing the demand zone for a long.
Reply
machintose cyberdigi
@cyberdigi, the price will make a false break out and that's our entry.
Now $0.25 up and risk free trade.
Reply
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