Lower time frame shows a price rejection with a bullish inside bar for lower prices before the day ends on 30 July. Price is also currently along with the ascending triangle with higher lows since April. It is now on the previous resistance turn support price and it is possible to wait for further confirmation on long signals when price crosses the retracement...
Price is facing bearish pressure from our descending trend line, a test of our sell entry could see a reversal from here.
1) This news contributed to the sell-down www.bloomberg.com 2) I said previously to trade in the direction of the breakout in prices 3) Do not long until a bottom pattern has been reached, which could be as low as $13.60
DBS breaks 20 level support Gap down with heavy volume. Retailer Chip increase. Wait for reversal signal near 19 Support zone.
Really painful to see a large (relative to Singapore) bank break down slowly like that... Technically, it reeks of a bearish bias, but is not advancing with commitment. Instead is slowly breaking down the supports, from the trendline to the widening wedge, and yesterday, a critical level to close at a lower low (after a lower high weeks ago). It is possible for a...
Breaks trend line and stay below Ribbon indicator. Banker's chip reduced. Banker's Moving Average heading down about to cross below Retail Moving Average (Deadly cross)
DBS the upwards push seems to be coming
Price broke a key support level previously and a test of this level could present an opportunity to go short before a further drop. What are your thoughts on this stock?
Currently on a bearish trend, coming close to the resistance line of around 20.41 If it break out and move upwards, we should see a upside of around 21.70 around 10 Sep 2020. 30 Oct would reach around 23.30 where we will test the next resistance. factors that may impact its performance. Pros GSS How fast the programs implemented by Government / STB to stimulate...
1) Similar pattern to the downtrend channel that happened from mid-June to end-June 2) Buy when support line of about $20.50 is reached, or when prices break out of the downtrend channel. 3) Sell if Major Support line of $20.00 is breached to the downside
Here's my view on $DBS(D05.SI), price is currently testing a key support level in line with our ascending trend line where we could see a bounce from here, but I do caution the limited upside in prices here, keeping in mind the bearish trend line.
Price is testing resistance where we could see a drop to our take profit target
DBS is supported with a long term trend line. Triangle forming from recent lower highs which may result in a breakout if the stock moves above recent highs. Disclaimer: Not an advice to sell or buy!!
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!
Using Chart Pattern analysis technique, DBS Group Holding just achieve a turning point 3 days ago. From Exponential Moving Average (15 , 30), it is in uptrend. While MACD ( 12 , 26), just have an upper cross. One of the Wall Street rule is that a share price will bounce back to where it was. The share price will probably reach 24.5 SGD in next few days.
- Buy signal at $21.00 has been triggered as shown by the red circle
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?