In a strategic move aimed at bolstering its presence in the dynamic Asia-Pacific (APAC) market, Nuvei ( NASDAQ:NVEI ) has achieved a significant milestone by securing a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This pivotal development marks a crucial step forward in Nuvei's ambitious expansion plans and underscores...
DBS established a strong support zone at the $31.6 mark
Double bottom structure played out nicely
MACD @ oversold
Consider this a pretty safe buy entry for accumulations
Personally, I bought in at @ $31.9
it takes few years for that one big thing to rise from chaos
this Exchange could be it
fast simple reliable and secure
decent liquidity
flexible platform
and so much more
probably the twin or offspring of Binance and Ftx
just dca accordingly and good luck
before listing in Binance
before being allocated to OKEX (binance done thru dealer)
there is BitGET...
EWS really going to do it this time it seems... close below the support line.
This is premature on the weekly chart, but heads up, two things to happen...
First, a close below the support means a breakdown underway, especially if it is accompanied with a lower low.
Second, there needs to be a late week rebound strong enough to get it back above support line. Then...
As previously posted, BEAR. The thing is, since the last post, the EWS (and other indices) made a sucker rally that pulled in the bulls. And a few weeks later, they burned.
This time, the burn is shown by a failed breakout that is followed through the other side. Technical indicators are now in full support as cross downs are registered. Critical supports are...
Just to highlight the Singapore going into technical recession]news first... that a technical recession is in the horizon, closer than we even realize.
Otherwise, the EWS SG Singapore ETF, is technically challenged, with imminent downside.
1. Lower high made, and a possible imminent lower low to come in the next weeks. Breakdown below the red line is a lower...
As expected previously, the Singapore STI (EWS) hit the first target range. It appears to have bounced off a bit in the short week (Friday is a Public Holiday, being Vesak Day). However, the technical indicators accentuate that there is more downside to come...
Breaking down below the support to form a lower low is confirmation for the lower target to be the next...
As mentioned in previous heads up over the last weeks, it had finally happened (as expected) that the SG10Y GB yield rates break out of trend line resistance. And from previous occurrences, this is a very reliable inverse leading indicator of the SPY (and other related equity indexes); meaning that the SPY should be tanking downwards within the next week or...
Nothing much to say. If you don't know SIA, then forget this and move on.
If you know what SIA is, this opportunity should not be missed.
Amazing set-up , great risk reward.
Multiple signals all aligned to much more downside in the Singapore STI...
1. A lower high. Watch for the lower low incoming!
2. Break out and then break back into the consolidation range. This is the second time, and expect an extrusion through the bottom of the range.
3. MACD lower high, and crossed down. Bearish oops, look from crossing down into bear...
DBS SGX:D05 chart is forming double top. Once $29.39 support level is broken, we will very likely to see price declining towards $21.87 base on 1:1 wave.
Duration towards mid term.
DYODD!
DBS is positioned uniquely at the intersection of both India and China to gain from growth in both countries. Facilitating capital flows out of China, continued rising footprint in India, digital asset presence, a trusted bank in Singapore which is emerging as the Swiss of Asia, DBS has more than one source of tailwind powering its upward flight.
Specifically,...
Time for yet another update in this uncanny inverse relationship between the SG10Y Government Bonds and the S&P500 Index ETF, SPY...
Recall that the SG10Y GBond yields are in apparent inverse correlation to the SPY. When there is a trendline breakdown on the yields, the SPY is bullish; and when there is a trendline breakout, the SPY is bearish.
So far, it can be...
