DBS Short IntradayIndicators enters overbought region.
Short between 20.75 - 20.85, Stop loss 20.95
Potential pull back to MA20 (20.55)
DDDBS Group Holdings Ltd.
153.58USDD
+1.82+1.20%
Last update at Jul 24, 20:07 GMT
USD
No tradesPre-market
DBSDY trade ideas
Opportunity to LONG DBSI spot a potential entry to LONG SGX:D05 in the coming days with a good RR.
Almost a month DBS is ranging from $21 to low $20ish, the consolidation is getting tighter and compression needs to be released.
To cut the story short, here is my personal call:
Buy Limit at $20.00
Stop Loss at $19.50
Take Profit at $21.60
Risk Reward Ratio = 3.12R
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.
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.
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.
Potential Long positionLower time frame shows a price rejection with a bullish inside bar for lower prices before the day ends on 30 July. Price is also currently along with the ascending triangle with higher lows since April. It is now on the previous resistance turn support price and it is possible to wait for further confirmation on long signals when price crosses the retracement trendline. Alternatively, if individuals feel it is an opportunity and there are enough multiple consensuses to long, one can choose to buy at the current price of 19.77 and set their stop loss at 18.47, if a long position is a success, exit trade at $23.94 or as long as price falls below 10 EMA.
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 - LongCurrently on a bearish trend, coming close to the resistance line of around 20.41 If it break out and move upwards, we should see a upside of around 21.70 around 10 Sep 2020.
30 Oct would reach around 23.30 where we will test the next resistance.
factors that may impact its performance.
Pros
GSS
How fast the programs implemented by Government / STB to stimulate spending
Additional Stimulus if provided by Government to jump start the economy through programs / grants
Cons
Global economy trade impacted due COVID19
US & China rising tensions
increase in defaults on the corporate side.
