DBS Sell: Target $38.60
This is not exactly a short idea for 2 reasons:
1. It is not that easy to short a Singapore stock, and
2. Singapore stocks don't really follow Elliott Waves principles because the stock market don't herd.
So this is really saying:
1. Now is not the time to buy. Wait for better prices.
2. Lighten up if you are not an investor but more of a speculator/trader.
Take note of the stop loss price. A break to new high means an extension of 5th wave although this is highly unlikely given that wave 3 (of 5) has already extended.
1. It is not that easy to short a Singapore stock, and
2. Singapore stocks don't really follow Elliott Waves principles because the stock market don't herd.
So this is really saying:
1. Now is not the time to buy. Wait for better prices.
2. Lighten up if you are not an investor but more of a speculator/trader.
Take note of the stop loss price. A break to new high means an extension of 5th wave although this is highly unlikely given that wave 3 (of 5) has already extended.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.