dchua1969

Averaging down DBS shares

Long
DBS (SGX:D05)  
dchua1969 Updated   
SGX:D05   DBS
it has dropped about 17% from its peak and currently there are 2 support level to watch.

It could rebound from here so I like to buy some shares but if it falls further to the 2nd level, then I will add some more. The important thing is it must stay above the bullish trend line .
Comment:
notice the last 3 consecutive days red candles ? These are bearish candles which means the price is likely to revisit the next support at 29.98. So, no hurry to average down....
Comment:
we are now at critical support level - the price action is sitting on the bullish trend. It might breaks down a little to weed off the weak buyers before rebounding or a possible further deterioration to the next support at 29.24 level
Comment:
nibble some as it has fallen below the 30 dollar mark...this is for long term investment, dividends accumulation
Comment:
Praise Lord
Comment:
expect it to retrace to 32.83 before adding more
Comment:
added more
Comment:
Praise God
Comment:
could we see this stock hit 37 by year end? Anything is possible....
Comment:
5th time - it has meet its resistance level at current price.
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