Expectations of Breaking 3-year High Towards S$33.00 area
Analysis is For:
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...
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...
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DBS (D05) - Bearish Prediction, be carefull
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...
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...