DBS:SGX is expected to retest its major trendline at S$25.50
Supporting Technical:
- Downward trend line hold
- Bearish Characteristic
- Stock is entering Under-performance against index (Relative Strength Indicator)
- Negative Fund Flow (FFI)
Risk:
-
DBS
Slight Bearish, some signs of bull but it shall go lower first.
$25 seem to get a good support to build. If you want to time properly, I will suggest you wait for the time being as the flushing is not done yet.
I expect bank stocks are to go alot higher in the future such as 1 years or more horizon.
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Sonic
Disclaimer:
The...
Confluence of technical factors which include Hammer pattern, Outside Lower Bollinger Band and Resistance turned Support Zone likely to lead a swing back towards to S$26.30-S$26.50 zone.
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...
