1) The gap up from $20.25 to $20.68 needs to be closed 2) Currently there is some strong support at $20.65 area 3) Trade accordingly to the current downtrend channel 4) Sell if it breaches $20.00 5) Buy if it breaks out of the downtrend channel to the upside
After hitting a high of 23.58 recently, DBS has been pulling back in the last 2 weeks cumulating to a low @ 20.63 yesterday but quickly recovered to close a bullish pin bar. Now it that has "successfully" tested the 50% fibonacci retracement of the recent swing up plus having worked off the overbought position to near term oversold now. It looks ready to resume...
Hey guys, what do you think of DBS(D05.SI)? I have a bearish bias seems like price is facing bearish pressure from our pivot level and 20 period EMA, where we could be seeing a reversal to our first support level.
Long DBS Entry: 19.11 SL: 18.35 TP: 20.62 DBS dropped quickly to new lows and is currently in a rebound. Fibo and graphical level lining up nicely at the TP level. Price above ascending trendline support and also moving average. This should be a limited push up as I am generally bearish across the global markets.
We are looking to long soon. Very nice breakout
Triangle breakout. Disclaimer: Not an advice to buy or sell.
1) Price has crept back up into the Ascending Triangle 2) $20.00 still a major resistance as this has been an area of strong resistance/support dating back 5 years 3) Note the divergence on the MACD 4) Ascending triangles mainly resolve to the upside, but we shall see.
DBS has been ranging and attempting to break the 20.00 psychological resistance level for some time and since the price has been hovering around the high 19.00 after the third tries. We expect a strong upside again as the resistance has been weakened. Also, the morning star formation near 38.2% Fibonacci level indicates a "shortfall" of the triangle or range,...
Chart has shown a series of higher lows while respecting channel support on a daily closing basis and we can expect price to continue this upward trend. If you are already long on this trade, the first TP should be at the 50MA where supply will start to come in. The next opportunity for a long entry would be either at pennant support or when we get a daily close...
Looks like a break of an ascending triangle, even though ascending triangles mostly resolve to the upside.
3 months demand zone at $15.80 for long term longs on DBS.
stock has lost its upwards trend and changing to a sideway movement. However, Since it's at lower half of channel, potential to long and hold till it hit upper bound of channel @ 20.0 with stoploss @ 18.6.
Current DBS is supported with a weekly strong bullish trend that is heading up to test the key support/resistance level. If market actually breaks out on this level, stock price will go back to test $22.6 - $23 level easily. Overall, It is expected to see price action to break the long-term trend with current economical issue. Not to include fundamentals, if...
DBS is trading in the flag / pennant. Lookout for the break. Disclaimer: Not an advice to buy/sell.
Hey guys! Here's my view on D05: Summary I will place a BUY limit at the second support zone 11.52 - 12.40. Action: Buy Limit: 11.52 - 12.40 Stop Loss: 9.90 Take Profit: 16.90 Analysis: Price is testing the 1st support zone now and we could see a bounce to our resistance zones highlighted in red. IF price breaks the 1st support zone, it is likely to...
DBS supply and demand levels for 12M, 6M, and 3M charts.
STOCK IN FOCUS: DBS A huge meltdown in global markets has sparked risk-off sentiment throughout, and many stocks are being heavily sold-off. Be it blue-chip or penny stocks, majority are affected and are selling at a discount. DBS is a blue chip stock in the SGX, and with the recent sell-off - down around 29% (from end Jan' 20) , price could reach the $16 range...
Based on past decade trading pattern, if history is a good indication, then possibly this counter has yet to reach the bottom in order for the next run up. Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs...