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.
DBS
DBS keeps breaking down in small steps...Really painful to see a large (relative to Singapore) bank break down slowly like that...
Technically, it reeks of a bearish bias, but is not advancing with commitment. Instead is slowly breaking down the supports, from the trendline to the widening wedge, and yesterday, a critical level to close at a lower low (after a lower high weeks ago).
It is possible for a short bounce to 20.80 now, but downside bias remains, probably to continue after a bit of consolidation, if at all.
As DBS is a main component of the Strats Times Index, STI, there is correlation in the apparent weakness.
DBS approaching key support level Hey guys! Hope you manage to catch the reversal on DBS that I called previously, it is linked below so you can check out the previous idea there. Right now, I am still bearish on the stock and expect to see a further drop to our support at 20.00 before a bounce. What are your thoughts on this?
DBS [1-3 weeks view]Long DBS
Entry: 19.11
SL: 18.35
TP: 20.62
DBS dropped quickly to new lows and is currently in a rebound.
Fibo and graphical level lining up nicely at the TP level.
Price above ascending trendline support and also moving average.
This should be a limited push up as I am generally bearish across the global markets.
DBS (D05) - Key levels to BUYHey guys! Here's my view on D05:
Summary
I will place a BUY limit at the second support zone 11.52 - 12.40.
Action:
Buy Limit: 11.52 - 12.40
Stop Loss: 9.90
Take Profit: 16.90
Analysis:
Price is testing the 1st support zone now and we could see a bounce to our resistance zones highlighted in red.
IF price breaks the 1st support zone, it is likely to push lower to our 2nd support zone where I will look to enter a BUY limit there.
Alternatively, you can also look to play the bounce at current price to our first resistance zone before waiting for another entry at the 2nd Support Zone.
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DBS - AnalysisSTOCK IN FOCUS: DBS
A huge meltdown in global markets has sparked risk-off sentiment throughout, and many stocks are being heavily sold-off. Be it blue-chip or penny stocks, majority are affected and are selling at a discount.
DBS is a blue chip stock in the SGX, and with the recent sell-off - down around 29% (from end Jan' 20) , price could reach the $16 range ( down 38% from Jan' 20) to retouch the rising trend line. If the global rout continues, we could see price break down the rising trend line and possibly reach the indicated price levels. Otherwise, we could see a bounce after a retest of the trend line.
SG DBS BREAKING DOWN DBS is very weak now. Having bounced off 25 twice in recent time, it failed to make higher highs, failed the 55EMA, and is likely to revisit 25.
MACD supportive of bearish bias.
Going for a bounce at 24.50, and to consolidate at 24 for deliberation of a possible major rally to 40.
DBS (The Sell down momentum is slowing down)View On DBS (24 May 2019)
We were in the fast and furious pull back mode in the recent week.
Now, it has approached some decent support levels. It may take some time to around but as long as it is above the price level of $24, we shall see the rise up on the price again..
DYODD, all the best and read the disclaimer too.
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DBS (Bank Stocks are on the bull run)View On DBS (14 Feb 2019)
We have been busy since last Jan on DBS and Bank stocks are in demand right now.
The shall rise up higher.
The first easy tgt is $25.10.
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DBS Daily Update (15/11/17)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 investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.