Price is facing bullish pressure from our support and a test of our buy entry could present a good opportunity to go long.
DBS, a big component of the STI (Straits Times Index) finds itself on an island (yellow circle) This is precarious... a drop below the current support will result in a decent retracement. MACD and Relative Price Strength already turned down... so it is held up with very little. Be aware, beware!
For the patient investors who got in at below 20 dollars, you are rewarded and more to come....
I think it’s a good time to enter
SGX:D05 is in the crossroad, either the Triple Tops will prevail or it will be a bullish breakout. Based on the current formation, and if we combined with Supply and Demand; it is wiser to wait for Long Setup rather than Shorting it. As at today there is no LL yet and overall still Buyer in control. Here is my personal call: Buy Stop at $21.65 Stop Loss at...
1) Price attempt to break out 21.55 on 13/10/20 with day high at 21.65 2) Double bottom formation (suppose a bullish reversal pattern) with key Resistance at 21.45 3) MACD Histogram indicate losing momentum 4) RSI fail to stay above 70 5) Fundamentally: quarterly dividend might be a disappointment, usually in Nov. Short 21.49 - 21.65 Stop loss 21.86
DBS is set to clear higher after breaking 22.00. The double zig-zag wave is setting the clear pathway to 24.00.
Indicators enters overbought region. Short between 20.75 - 20.85, Stop loss 20.95 Potential pull back to MA20 (20.55)
I spot a potential entry to LONG SGX:D05 in the coming days with a good RR. Almost a month DBS is ranging from $21 to low $20ish, the consolidation is getting tighter and compression needs to be released. To cut the story short, here is my personal call: Buy Limit at $20.00 Stop Loss at $19.50 Take Profit at $21.60 Risk Reward Ratio = 3.12R Disclaimer : The...
Price is approaching a key support level where we could see a bounce here, in line with our ascending trend line. A break above our descending trend line could give us a further upside confirmation. What are your thoughts on this?
We caught the reversal nicely from our sell entry in our previous call, we remain bearish below this level and could see a further drop from here
This is an update from my previous post on DBS: Currently we have a risk free trade trade running on DBS SGX:D05 . Today I see another opportunity to be bullish, however we have to wait until it retraces to the nearest level. Big players are in the midst of profit taking from the previous bull run. Technically: downtrend channel resistance had been breached,...
Not much to look at except for the downward channel in red
Price is facing bearish pressure from our descending trend line, a test of our sell entry could see a reversal from here.
SGX:D05 is now in the midst of ranging within the downtrend channel and there is no sign of reversal sighted yet. The overall sentiment is bullish bias and I am expecting the price to fill the Demand Zone at $20.00 or lowest is at $19.45 Thus, overall SGX:D05 is a good buy, but we are waiting for the maximum discount to long this stock. My personal call: Buy...
DBS Q2 Profits and Dividends Cut. Short position taken M: Downtrend A: Resistance E: Bearish outlook and candle stick pattern E: SL 20.20 RR 2.74 Entry Price: 20.8