DBS - Good ranges to know and accumulate from
Daily Chart (zoomed out)
- Good support ranges (24.50 to 27.13 and 28.54 to 30.50)
- My plan of accumulation will happen in these ranges (increasing in nature in the lower range)
Daily Chart (zoomed in)
- Longer term perspective ==> Can see a tapering (less steep) sell channels ==> some form of bottoming or near term bottoming
- Price action are starting to stay above MA5 (near term positive)
- MA5 are coming close to MA20 (near term positive)
- Resistances coming up at MA50 & channel (32+)
My Watches/Plays
- Had started dollar cost averaging in (caught some at 30.40) ==> bottom of sell channel and cross with 30.50 support level)
- If price action stays above MA5 and MA5 cross above MA20 ==> my accumulation continues with base of 31.33
- If rejection at MA50 ==> I will look to accumulate further when it retraces down to 31.33 or below 30.50 down to 28.54
- Longer term bearish - Break of 28.54, will get very excited to accumulate all the way down to 24.50
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SG has too many bank stocks I would only buy DBS
Stocks in SG market just hardly move lol