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!
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...
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?
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,...
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
Price is facing bearish pressure from our descending trend line, a test of our sell entry could see a reversal from here.
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...
DBS the upwards push seems to be coming
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!
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?
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
Looks like a break of an ascending triangle, even though ascending triangles mostly resolve to the upside.
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...