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

@Deposit  @melson  @CaptainTiger  @TigerStars  @LMSunshine  

$DBS GROUP HOLDINGS LTD(D05.SI)$ 

DBS Daily (zoomed out)

DBS Daily (zoomed in)

# SGX Stocks Opportunities

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  • WendyDelia
    ·2023-05-29
    TOP

    SG has too many bank stocks I would only buy DBS

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    • Asphen
      all 3 are good ....
      2023-05-29
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  • melson
    ·2023-05-28
    TOP
    sell in may and go away?
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    • AsphenReplying tomelson
      yes. the deal had just been reached. so we will see an early rally next week. and yes. a pullback is very very possible.
      2023-05-28
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    • melsonReplying toAsphen
      i think news of debt ceiling deal will cause a rally and then crash when the bill is passed
      2023-05-28
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    • Asphen
      haha... those who believed in this saying has just missed the best month of May ....haha...
      2023-05-28
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  • HarryCox
    ·2023-05-29
    TOP

    Stocks in SG market just hardly move lol

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    • Asphen
      yup. so the 3 banks are the only good bets
      2023-05-29
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  • AuntieAaA
    ·2023-05-28
    okay
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  • bossbaby
    ·2023-05-28
    Ok
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