To The Moon

‌$DBS GROUP HOLDINGS LTD(D05.SI)$  ‌

Posted earlier about DBS possible retracement zone at $31.90-$33.00. Seems like it is reaching soon. With the latest "SVB" news, I won't be surprised to see some sell off next week for local banks. Next Tuesday is also "CPI day" which is a "Do or Die" event for the stock market. Either it rallies very hard with a slowing inflation data or it will crash hard. Market is extremely sensitive nowadays. 

But anyway, let's keep to the plan. Don't forget we are 1 month away from the very sexy $0.92 dividends. It is not a coincidence market likes to rally before that. (You can compare against last year) Who doesn't like to buy a "discounted stock"?  

So my 1st target is $32.50. 2nd Target is $31.25. I highly doubt we will see 3rd target of $30 until POST dividends. But keep that number in mind that it's a very good buying level (if we ever see it.) 

Lastly, I like to highlight that I am not recommending you to speculate SG bank stocks. I just want to recommend "good buying levels" for "long term investors" to load up. I know there are people who likes to "trade" SG bank stocks especially trying to buy before dividends, den either sell it early or wait till they collected dividends to sell it at a profit (hopefully). And if the price falls below their buying level, then they will keep and wait to sell it later or keep till next dividends. Are you one of them?? Is it very fun? LOL

For me, I prefer to trade US stocks, especially selling options premium and let time do it's magic. But of course you have to understand the RISK first. SG bank stocks are "safe haven" where I just want to buy and keep till the last day of my life! Keep collecting dividends until after retirement, it will still be a very nice passive income for "doing nothing". Good luck and good weekend!!