Long

Ride on the bank of Asia - DBS

By dchua1969

Updated

See chart

Other than it is a Temasek backed bank, it is also one of the best managed bank in Asia. It has now broken out of the bearish trend line. Let's wait for the pullback and get ready to ride high with it.

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I know, it is slow like a snail. Know what, it pays a healthy dividend and rock solid stable and being on the key components of STI index. So, I like to buy and keep it for the long haul.

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Praise lord. the price has broken out of the support at 26 level and if it maintains, we can expect it to head higher towards 27.

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now it has finally settled at the support level of 24.05. This is a nice price to enter , let's wait for tomorrow or so to see if it can sustain above this level

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cnbc.com/2020/04/30/singapores-dbs-earnings-q1-2020.html

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businesstimes.com.sg/companies-markets/singapore-banking-system-may-be-among-first-to-recover-sp?utm_source=emarsys&utm_medium=email&utm_campaign=bt_breakfast_brief_reminder&utm_term=Singapore+banking+system+may+be+among+first+to+recover:+S&P&utm_content=24/09/2020

dchua1969

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