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CK Choy.

Market Sense 市场意识: DBS TA - bullish for now
Be decisive, Be patient, Don’t be greedy, Don't be stubborn

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The information contained in is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

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Note:
All TA (Technical Analysis) view using charts are for illustration purpose only.
Unless otherwise specified, all charts' sources are from POEMS(Phillip Online Electronic Mart System)

Monday, 17 July 2017

DBS TA - bullish for now

After breaking up the resistance at 20 in May 2017, it traded in the range of 20-21. Upon breaking up the resistance at 21 recently in Jul 2017, now it is heading to next multi year high at 21.5 which was set in Jul 2015.
From TA point of view it is in bullish uptrend, watch for this critical resistance 21.5, if it does break up convincingly (well above 21.5 and held up for week) then it will be very bullish because it has no resistance reference from the past.  If it does not, it may head back to the trading range of 20-21.

Long term analysis (source : Poems Live Chart ) TA view for illustration purpose only



Posted by ckchoy77 at 11:04

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