Read 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...
DBS, 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...
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. DBS (D05) - Bearish Prediction, be carefull
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...
DBS, a big component of the STI (Straits Times Index) finds itself on an island (yellow circle) This is precarious... a drop below the current support will result in a decent retracement. MACD and Relative Price Strength already turned down... so it is held up with very little. Be aware, beware!
This 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,...
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...