UOB is facing bearish pressure, potential reversal Price is facing bearish pressure from our first resistance where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well.
Dbsshort
DBS is facing bearish pressure, potential for further drop Price is approaching resistance where we could see a reversal below this level, a break below our downside confirmation would provide the bearish acceleration to our first support target
DBS is facing bearish pressure, potential for further dropPrice is facing bearish pressure and we could see a reversal below our sell entry here. Ichimoku cloud is showing signs of bearish pressure as well in line with our bearish bias.
DBS is seeing a double top and MA9 cross below MA 50! DBS is seeing a double top and MA9 cross below MA 50, more downside is possible !
DBS facing bearish pressure Price is facing bearish pressure from our descending trend line, a test of our sell entry could see a reversal from here.
Bearish inclinations on DBSAs 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!
DBS approaching key support level 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?
DBS (D05) - Key levels to BUYHey 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 push lower to our 2nd support zone where I will look to enter a BUY limit there.
Alternatively, you can also look to play the bounce at current price to our first resistance zone before waiting for another entry at the 2nd Support Zone.
Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
