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machintose
Sep 15, 2020 12:48 PM

Opportunity to LONG DBS Long

DBSSGX

Description

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