$DBS GROUP HOLDINGS LTD(D05.SI)$ has been on an upward trend lately, fueled by thegood performance of $UNITED OVERSEAS BANK LIMITED(U11.SI)$ . It has also raised its interest rates on its Multiplier card as part of competition for funds.

It will be announcing its earnings tomorrow (3 Nov) and no doubt, many investors will be waiting in anticipation for the results. However, despite the bullish sentiment, I can't help but notice it's inability to break past $35. That ceiling seems to be weighing down. This could be a result of macro conditions. After all, market is still awaiting the end of the Fed meeting to see and be assured of how much the rate hikes is (basically just... 50 or 70 bps).

Thus, this is what I think will decide whether DBS will break or fall. While experience says a relief rally will occur, if there is one thing I've learnt, is always to expect the unexpected. Of course I do hope it will break past $35, but if it doesn't? Well, that is why is better to go for the long run. These are just but small blips in the company's journey and I'm better off just ignoring these fluctuation and look at its prospects in the long run.

What do you think?

@CaptainTiger@MillionaireTiger@TigerStars