DBS:SGX is expected to retest its major trendline at S$25.50 Supporting Technical: - Downward trend line hold - Bearish Characteristic - Stock is entering Under-performance against index (Relative Strength Indicator) - Negative Fund Flow (FFI) Risk: -
DBS Slight Bearish, some signs of bull but it shall go lower first. $25 seem to get a good support to build. If you want to time properly, I will suggest you wait for the time being as the flushing is not done yet. I expect bank stocks are to go alot higher in the future such as 1 years or more horizon. Press "like" and Follow. Sonic Disclaimer: The...
Compares stock's performance against another stock comparing their performance with their long term moving average.
Confluence of technical factors which include Hammer pattern, Outside Lower Bollinger Band and Resistance turned Support Zone likely to lead a swing back towards to S$26.30-S$26.50 zone.
Price is at multi-year high (Dec 1999) $24 Price could see a temporary retrace, but will not be looking to short this pair as support of 23.4 is near. unless $23.4 is broken, short would then be considered. Next support zone, $21.5 / $20.5 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute...