machintose

Small Pullback Before Taking Off

Long
DBS (SGX:D05)  
SGX:D05   DBS
This is an update from my previous post on DBS:

Currently we have a risk free trade trade running on DBS SGX:D05 .

Today I see another opportunity to be bullish , however we have to wait until it retraces to the nearest level.
Big players are in the midst of profit taking from the previous bull run.
Technically: downtrend channel resistance had been breached, we are waiting for the small pullback and buy from that area.

This week my trade opinion:
Buy Limit at $20.50
Stop Loss at $20.20
Take Profit at $21.78
Risk Reward Ratio = 4.27R

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.

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