Diclet
2023-06-15

$DBS GROUP HOLDINGS LTD(D05.SI)$ Bullish

Technicals on weekly chart: 

- Falling Wedge (since 13/02/2023) close to completion + vol contraction, pattern confirmed

- Matured Ascending triangle (from 21/02/2022) + strong vol contraction, pattern confirmed

- last 6, weekly candlesticks supported by 100 days MA, very strong support, 


Summary; upward breakout imminent? 

Might need some news or strong buying pressure.

Short term target: ~ 32.6

Mid term ceiling: ~ 34-35


If anyone can do a fundamental analysis and/or run a valuation, we will have a good buying call


Disclaimer: investors pls do your due diligence. I own positions thus am biased. 

Modified in.2023-06-15
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Comments

  • YueShan
    2023-06-19
    YueShan
    Good ⭐⭐⭐
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