Price is near a key support level where we could see a bounce from here
Price is approaching support where we could see a bounce above this level. That said, we do caution the limited upside in prices a price is still holding below our descending trend line.
Price is testing our resistance where we could see a reversal below this level.
Price is approaching resistance where we could see a reversal below this level.
Price is testing a key support area, a break below the downside could open room for a further drop. Alternatively, we could be seeing a push up to test our descending trend line and resistance before a reversal.
Price is facing bearish pressure from our descending trend line, a test of our sell entry could see a reversal from here.
Overall bias is bearish, we caught the drop perfectly previously, currently price is approaching a key support level where we could be seeing a bigger pullback to test our descending trend line and resistance before a further drop. Currently I am just keeping a close watch on how prices play out here
Price is facing bearish pressure on the larger time frame. On the H4, a pullback to test our sell entry could present an opportunity to go short.
Price is approaching a key support level where we could be seeing a bigger pullback to test our sell entry before a further drop. A break below our downside confirmation level opens room for a bigger drop.
Price could see a larger pullback to our buy entry which is a strong support area before we see a bounce.
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?
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 facing bullish pressure and a test of our buy entry could see a further bounce above this level.
Price is testing resistance where we could see a drop to our take profit target
We caught the reversal nicely on SingTel previously and I maintain a bearish view on the stock. A break below our first take profit target could open room for a further drop to our second take profit target.
Price is facing bullish pressure and a test of our buy entry in line with our 61.8% retracement could see a further bounce from here.
Overall view is bearish, price is holding below our descending trend line and facing bearish pressure from our resistance. A break below our first support at 17.20 could trigger a further drop.
Price broke out of our support trend line and is holding below our resistance trend line & 20 EMA. A test of our sell entry area could present an opportunity for a short.