Really painful to see a large (relative to Singapore) bank break down slowly like that...
Technically, it reeks of a bearish bias, but is not advancing with commitment. Instead is slowly breaking down the supports, from the trendline to the widening wedge, and yesterday, a critical level to close at a lower low (after a lower high weeks ago).
It is possible for a...
SGX:D05 is now in the midst of ranging within the downtrend channel and there is no sign of reversal sighted yet.
The overall sentiment is bullish bias and I am expecting the price to fill the Demand Zone at $20.00 or lowest is at $19.45
Thus, overall SGX:D05 is a good buy, but we are waiting for the maximum discount to long this stock.
My personal call:
Hey guys! Hope you manage to catch the reversal on DBS that I called previously, it is linked below so you can check out the previous idea there. Right now, I am still bearish on the stock and expect to see a further drop to our support at 20.00 before a bounce. What are your thoughts on this?
I am looking to buy the Deutsche Bank stocks because of it`s low market cap 17.49B compared to other banks, but a retracement back to the bullish trendline that it formed seems the most likely scenario.
The indicators show a short opportunity for the next few days.
Deutsche Bank had the ambition to rival the World Bank with a peak stock price of 110 euro in...
Price has been rejected this week at the zone at 1.07921 and has now formed a double bottom which will potentially lead to a trend reversal. There was a lot of trapped liquidity at the lows and we should see a lot of it play out over the period of this trade as there will be a greater momentum on the pair. Good R:R, trade with proper risk management.
DBS dropped quickly to new lows and is currently in a rebound.
Fibo and graphical level lining up nicely at the TP level.
Price above ascending trendline support and also moving average.
This should be a limited push up as I am generally bearish across the global markets.
Hey guys! Here's my view on D05:
I will place a BUY limit at the second support zone 11.52 - 12.40.
Buy Limit: 11.52 - 12.40
Stop Loss: 9.90
Take Profit: 16.90
Price is testing the 1st support zone now and we could see a bounce to our resistance zones highlighted in red.
IF price breaks the 1st support zone, it is likely to...
STOCK IN FOCUS: DBS
A huge meltdown in global markets has sparked risk-off sentiment throughout, and many stocks are being heavily sold-off. Be it blue-chip or penny stocks, majority are affected and are selling at a discount.
DBS is a blue chip stock in the SGX, and with the recent sell-off - down around 29% (from end Jan' 20) , price could reach the $16 range...