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.
Comments
I don't think DBS will give us a good investment opportunity
Whenever prices fall, it’s a good time to buy DBS
This decline is really sad.
Anyway, I still have confidence in DBS
30? ? ? Will it really reach this price?