$UNITED OVERSEAS BANK LIMITED(U11.SI)$ Are you panicking over the drop post earnings despite stellar results? If you are, you probably FOMO-ed and bought in at the peak, and probably gambled on earnings. THAT IS SUCH A BIG NO when it comes to trading. Technical Analysis Wise: UOB is forming a bearish flag pattern. My target price to enter $28-28.10. However if it breaks below, I will reconsider as that would highlight a further downside. Nevertheless, I do see UOB's potential to rise to $30 by end of April. Ofc I could be wrong so DYODD. UOB stellar results: UOB’s net profit for the fourth quarter rose 21.8 per cent on higher net fee income and other non-interest income, based on its
$UNITED OVERSEAS BANK LIMITED(U11.SI)$ Technical analysis weekly update! UOB did a double bottom across the past two weeks and finally broke the downtrend line today, with strong volume. Earnings due in 1 month's time 22 Feb. My target price would be $28.8-28.9 (Previous swing high price). UOB is rated as one of the world's top banks, ranked 'Aa1' by Moody's Investors Service and 'AA-' by both S&P Global and Fitch Ratings. With a global network of 500 branches and offices across 19 countries in Asia Pacific, Europe and North America. It is unlikely that UOB will fall, neither would SG government allow this to happen. DYODD. Investing is a long term game. Patience is always key. Similarly,&nbs
Hi guys! An UPDATE that some of you might be waiting for!! As previously posted on 3rd Jan, DBS flew too much 🔥 (picked post) And I have since taken profit and was waiting for it to come back down which it did. However, I believe $DBS GROUP HOLDINGS LTD(D05.SI)$ might still be on a downward trend to $31.8 which I might reconsider my entry again from there. Bearish Next Up $UNITED OVERSEAS BANK LIMITED(U11.SI)$ UOB had been behaving wildly, with no specific reason for its huge drop previously. but finally it is making improvements and waking itself up. Was intending to enter today, seeing a potential golden cross but missed my entry At
Shout out: too all star contributors! Shall we try this challenge? @nerdbull1669@koolgal@GoodLife99@LMSunshine Find out more here: Rise to the challenge with me! Join Tiger's elite team trading competition, combine your expertise, and team up for a chance to win $200,000 in prizes. Join us now!
SG Technical Analysis For the week. $Venture(V03.SI)$ Bullish! Venture is a global provider of technology products and solutions. It is best known for its superior capabilities in Original Design Manufacturing (ODM) and providing high-mix, high-value, and complex manufacturing. (reference: DBS) With the recent interests in AI and advancement in technology, it is likely that a company who works globally will gain traction. TA wise, Venture has broken out of my downtrend line with a good volume. Wick above candle shows buying interests, and candle closing green shows buyers gaining control. On daily chart, what comes down fast in a straight line will likely go back up in s straight line too. 🔥🔥🔥 DYODD.
$DBS GROUP HOLDINGS LTD(D05.SI)$ Unexpectedly, DBS went up way too much within a few days and because of the speed it went up, I am hoping for a pull back 🥲 What goes up fast, will come down fast too. And for once, an SG stock is finally following technical analysis. DBS had reached my TP target of $33.5 and rejected instantly. I do foresee DBS to consolidate sideways from here $33-$33.2 for now before the next news/event cause a rally / decline. Of course, I would love to see DBS fall to my next potential entry level before buying in again. I hope some of you manage to gain some $$ too 🙂 Till then, stay safe all, and may we have a huat huat 2024 🔥
$DBS GROUP HOLDINGS LTD(D05.SI)$ I have repeatedly mentioned in previous posts that my sentiment in DBS remains bullish unless it falls below $30.50 (which it didn't), some even commented on my post that I was in denial. But as my trading rule - NEVER ever listen to anyone on this discussion page, and trust my own trading plan. So glad to see DBS finally taking off. DBS is a blue chip stock in SG. Blue chip stocks are stocks of dependable, profitable companies that have stood the test of time. Investing in high-quality blue chip companies can be a way to strengthen your stock portfolio. According to DBS Group's latest financial reports the company's total assets are $545.14 B And has been growing ever since 2008!
Concluding my trades for 2023 with some lessons learnt here. I only started trading actively at the start of November, after gaining some confidence from newly added investment knowledge. It hasn’t been an easy journey, with multiple ups and down in my portfolio and having to control my emotions. WILD RIDE I would say. Lesson 1: Never trade against the market My biggest loss goes to $CrowdStrike Holdings, Inc.(CRWD)$ , I tried to short the stock when I saw the RSI indicator in the overbought region for days, despite knowing that the market is in a very bullish sentiment. Going against the market made me face my stop loss, and I have unwillingly accept how wrong I was. The overall market sentiment is important and allows you know which direct
$Amazon.com(AMZN)$ WEEKLY TECHNICAL ANALYSIS UPDATE || Stock pick! AMZN is currently in a consolidating phase, share prices are going up and down, forming a nice triangle formation. Should AMZN break out of the upside, AMZN will see a nice rally from there. Consolidation price range:$144-147. If AMZN remains in this range, share prices likely to remain sideways. Day trading is possible but might see slow movements. Current price level is also at previous all time high level in Aug ‘22. Breakout price: $148. A huge rally from here 🔥 And potentially try to reach the all time high in April 22, $158. DYODD. Have a good Tuesday. Will post another analysis if like count reaches 50 for this 👍🏻👍🏻👍🏻 😇 @ItryInvesting