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...
Any Singapore traders here? Which is your long ?
DBS is very weak now. Having bounced off 25 twice in recent time, it failed to make higher highs, failed the 55EMA, and is likely to revisit 25. MACD supportive of bearish bias. Going for a bounce at 24.50, and to consolidate at 24 for deliberation of a possible major rally to 40.
See chart Other than it is a Temasek backed bank, it is also one of the best managed bank in Asia. It has now broken out of the bearish trend line. Let's wait for the pullback and get ready to ride high with it.
View On DBS (24 May 2019) We were in the fast and furious pull back mode in the recent week. Now, it has approached some decent support levels. It may take some time to around but as long as it is above the price level of $24, we shall see the rise up on the price again.. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE"...
HK has bad PR and it has problems getting this better. The main beneficiary of shis will be Singapore. My idea is to invest in the banking sector. Let's see how it develops
If all new are neutral and base from other years history. It should be good in this world's #1 digibank . Just following a trend and past years graphing. 30+ by end of year. Trade safely. :)
View On DBS (14 Feb 2019) We have been busy since last Jan on DBS and Bank stocks are in demand right now. The shall rise up higher. The first easy tgt is $25.10. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high...
Price is at multi-year high (Dec 1999) $24 Price could see a temporary retrace, but will not be looking to short this pair as support of 23.4 is near. unless $23.4 is broken, short would then be considered. Next support zone, $21.5 / $20.5 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute...