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D05

Common Sense to InvestingRead this article here In the world of investing, I think common sense is also not commonly practised. When we see charts with red candles or trend sloping downwards, we become fearful and paralysed to take action. In our mind, we kept thinking how low will it go ? Should I wait some more ? Yes, like the guy who jumped off the 3 storey building, buying when the price is depressed equally takes courage. But not this kind of risky courage of jumping from a 3 storey building where you could potentially harm yourself and/or others below. If you have done your research, then you know that Mr Market is irrational and temporary price fluctuations is inevitable. This temporary drop in price action is welcome news to investors like us. Buying now would be quite late imo as the 52 week is at around 36 dollars which it had surpassed that level sometimes back in Feb last year. So, I expect the price to hoover around this range for a while.... You see, I have been using Tradingview platform for more than 8 years and made hell lots of mistakes, lost money along the way, shed tears, banged tables, pull hairs and all. In the past, I will be mindful if anyone likes my post. As I matured in my investing journey, such "likes" become insignificant as I continue to share my 2cents worth of knowledge with like minded people. It is meant to be taken as a reference point, an entertainment of sort if you will but one must always rely on themselves for their financial decision. Never allow others to cloud your mind and do things you are not sure of. Your money is hard earned so treat it well and it will reciprocate in kind.
SGX:D05
by dchua1969
DBS also has downside riskDBS, the biggest component of the STI, appears to have great downside risk. Breaking below support of 29.60, after a lower high, means a lower low is put in place. The weekly chart already had a Bearish Engulfing last week, and this week (left with 1.25 days) closing down below 29.60 to end the week would be another toppish candlestick pattern called the Three Outside Down pattern. Bad for tops. MACDs and RPMs look like shite... heads up. Oh, btw... may be a couple of weeks for this to pan out IF it really breaks down.
SGX:D05Short
by Auguraltrader
Should you sell the bank stocks ?Just search through the internet daily and you would find plenty of trade calls on buy and sell stocks, be it an article, video or podcasts. So, I can understand the confusion for new traders/investors. Who do you really listen to ? I too, suffered this "blind follow blind leaders" syndrome when I first started, made lots of illogical and silly mistakes that could be avoided but nevertheless it happened. So, like they said, one has to pay tuition money to learn from the market, haha. My 2cents prediction for DBS bank is it is likely to hit around 30-32 dollars before we see a downturn. That means those who picked up at 16 in March 2020 would benefits the most. From the chart, we can see the historic patterns of DBS Bank. It is going through a stage of consolidation between 8 to 21 dollars since 1998. This is a long term pattern that we can see and notice it has recently (Nov 2020) breaks out from its long term resistance level at 21.48. So long as the price stays above this level , I am inclined to think the probability of it hitting beyond 30 dollars is higher. Thus, I hope this gives you more clarity if you should buy or sell this stock. It really depends what kind of time frame you are looking at. Those that are advocating you to sell may not be entirely wrong if they hold a shorter time horizon and those that urged you to go long may be in for the long haul. The question to ask is, which time frame are you looking at ?
SGX:D05Long
by dchua1969
4
Small Pullback Before Taking OffThis 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, we are waiting for the small pullback and buy from that area. This week my trade opinion : Buy Limit at $20.50 Stop Loss at $20.20 Take Profit at $21.78 Risk Reward Ratio = 4.27R Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee. As always, move your SL when you are in the profit zone.
SGX:D05Long
by machintose
Great Singapore Sales on D05 (DBS), we wait for a better price.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 Order Limit at $19.50 Stop Loss at $18.80 Take Profit at $22.09 Optimal Profit at $23.50 Risk Reward ratio = 5.8R Good Luck. Disclaimer: This call is for education purposes only, lot sizing is totally up to your risk appetite. As usual, I would recommend shifting your Stop Loss to your Break Even level once your position is in the profit zone. Always master your risks and your profit will come naturally.
SGX:D05Long
by machintose