The stock has been performing well ahead of its earnings reports, thanks to the news that DBS will be the bank to utilise MaxxDigital – a digital asset platform that provides risk and FX solutions for institutions. Whilst Singapore’s regulators continue to clamp down on crypto trading for retailers, Singapore wants to become a digital-asset hub within the...
Prices are sitting on a key support level in line with our ascending trend line where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well.
Price is facing bearish pressure from our first resistance where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well.
Price is approaching resistance where we could see a reversal below this level, a break below our downside confirmation would provide the bearish acceleration to our first support target
Price is facing bearish pressure and we could see a reversal below our sell entry here. Ichimoku cloud is showing signs of bearish pressure as well in line with our bearish bias.
Price is approaching a key support level where we could see a bounce here, in line with our ascending trend line. A break above our descending trend line could give us a further upside confirmation. What are your thoughts on this?
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?
Hey guys! Here's my view on D05:
Summary
I will place a BUY limit at the second support zone 11.52 - 12.40.
Action:
Buy Limit: 11.52 - 12.40
Stop Loss: 9.90
Take Profit: 16.90
Analysis:
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...
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...
