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.
As per chart, DBS has little upside momentum, candlestick pattern FA our some bearishness as does MACD support for lower prices.
Breaking down and closing below 21.50 would be bearish.
Watch for it!
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...
