If you think $DBS GROUP HOLDINGS LTD(D05.SI)$ is too expensive to buy, you are not alone.
![]()
However with strong interest rate & SG being a top destination for smart money, DBS has been on an uptrend! In an uptrend, we will always look for long opportunities.
Based on technicals, price met resistance at $36.04, formed a doji followed by bearish engulfing candle and RSI about to crossover lower, there is a good possibility of price retracing lower in the next few days. (Especially since tonight is CPI data which is equivalent to a World Cup Semi Final)
As price has respected 200 EMA since Aug 2022. Look out for area of entry in between 100-200 EMA at around $33.09-33.80. Good Luck!
SGX Stocks Opportunities
Share SGX companies' analysis and opportunities with Tigers!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
rEpOsTiNg