jcylcharts

DBS Short

Short
DBS (SGX:D05)  
SGX:D05   DBS
1) Price attempt to break out 21.55 on 13/10/20 with day high at 21.65
2) Double bottom formation (suppose a bullish reversal pattern) with key Resistance at 21.45
3) MACD Histogram indicate losing momentum
4) RSI fail to stay above 70
5) Fundamentally: quarterly dividend might be a disappointment, usually in Nov.

Short 21.49 - 21.65
Stop loss 21.86
Comment: Short 21.49 - 21.65
Stop loss 21.86

Comments

Earning call 5th NOV
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jcylcharts bC88_LONG
@bC88_LONG, i hope they dont disappoint on dividend.
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bC88_LONG jcylcharts
@jcylcharts, Div is CAPed 72cents , 18 per quarter. They sure to listen to MAS. Qn will be on debts and earnings.or like JPM they get sell on news.
Reply
jcylcharts bC88_LONG
@bC88_LONG Based on 0.72, @ 21.32 equivalent to 3.37% focus definitely on NPL, earnings.
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