DBS - Breaks trendline Short

DBSSGX

Description

⋅ Jul 24, 2020 12:27 PM

Breaks trend line and stay below Ribbon indicator.
Banker's chip reduced.
Banker's Moving Average heading down about to cross below Retail Moving Average (Deadly cross)

Comment

⋅ Jul 28, 2020 6:26 AM

Still no sign of reversal.. Good thing is bearish candle is narrowing with volume getting smaller... Might indicating that selling getting weak

See if the support can protect the price from dropping further..

Comments

ForexTradingSchool

⋅ Jul 28, 2020 6:21 AM

hi can u share more about the banker chip indicator?

I think that DBS will go higher

JayShawn_SGX

⋅ Jul 28, 2020 6:28 AM

@ForexTradingSchool, I think it will eventually trend higher.. Currently just doing some pullback..

Here are some info about the indicator..
tradingview.com/script/mbiUr95n-MCDX-Plus/