Analysis Forecast:
Expectations of Breaking 3-year High Towards S$33.00 area
Analysis is For:
SG Market
Position Trading (Momentum)
Single Stock Tactical Allocation
Supporting Technical Observations:
1. Price is developing bullish character
2. Fund Flow Index (FFI) improving
3. Performing relatively stronger than STI (market index)
4. Developing Bullish...
look to sell and due for multiple falls. Traders on side could watch. I would believed more are buying plying up on it and perhaps im wrong that it may rally higher but for now im betting on a sell.
DBS, the biggest component of the STI, appears to have great downside risk.
Breaking below support of 29.60, after a lower high, means a lower low is put in place.
The weekly chart already had a Bearish Engulfing last week, and this week (left with 1.25 days) closing down below 29.60 to end the week would be another toppish candlestick pattern called the Three...
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.
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DBS (D05) - Bearish Prediction, be carefull
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
Just saw this weekly chart of DBS (D05)...
After a spectacular and amazing run up, DBS is clearly stalling out and poised to fall a good 10%, maybe more.
Candlestick patterns show a bearish inside candle, fallowed by another that gapped down.
point here is that if this is still remotely bullish, there should be better patterns and signs of strength...
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.
Just search through the internet daily and you would find plenty of trade calls on buy and sell stocks, be it an article, video or podcasts. So, I can understand the confusion for new traders/investors. Who do you really listen to ?
I too, suffered this "blind follow blind leaders" syndrome when I first started, made lots of illogical and silly mistakes that...
