ItryInvestin
2023-11-28
$DBS GROUP HOLDINGS LTD(D05.SI)$ 

Personal TA to share because I am seeing comments that DBS stock might drop below 30, and in honest opinion, I believe it wouldn't. And such comments may affect sentiments among new investors.

The recent fall in DBS stocks could be due to myraid of reasons: bank scams, app failures, DBS being suspended for further ventures. However it has come to a price where it is OVERSOLD.

From my analysis, DBS is unlikely to fall below 30.50 from a trendline drawn all the way from June'22. In fact, it has been making higher lows. Price at 31.60 was a previous resistance and could serve as a support right now and bounce off from here.

DBS is a major stock in SG and it is unlikely for this stock to even collapse. Then again, I may be wrong and please DYODD before buying in.

May we retail investors HUAT bigbig ❤️ Dont invest with emotions but invest with the power knowledge and charts.

Modified in.2023-11-28
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Comments

  • MaxGain
    2023-12-05
    MaxGain
    The market is never about TECHNICAL ANALYSIS, it is a more of a tool for the rich and big Financial Institutions to ripped the retail investors. It is sentiments that drives the market and it is manipulated, so given the current sentiments, it is likely to breach the 30 barrier and go down even more (even COVID levels is a possibility). Hang in for the rough ride (thr same if the other 2 local banks). 😂
    • bbburgerReplyItryInvestin: 
      i agee with you.
    • ItryInvestin: 
      While I respect your thoughts , i hold my own reservations. There is no such thing as HOPE in investing. Let’s just see if my TA is respected for SG stocks. I have mentioned SG stocks isnt easy to dabble with. I highly doubt it will go to covid levels. :) Come back again when it reaches.
  • jinglese
    2023-12-01
    jinglese

    I don't think DBS will give us a good investment opportunity

  • dimzy
    2023-12-01
    dimzy

    Whenever prices fall, it’s a good time to buy DBS

    • MaxGain: 
      Totally agree… let’s hope thst it goes down to Covid level price.
  • floopi
    2023-12-01
    floopi

    This decline is really sad.

  • wavyloo
    2023-12-01
    wavyloo

    Anyway, I still have confidence in DBS

  • zippyzo
    2023-12-01
    zippyzo

    30? ? ? Will it really reach this price?

    • MaxGain: 
      I am hoping thst it goes down to Covid levels…
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