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CK Choy.

Market Sense 市场意识: DBS - consolidation upon negative news
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)

Tuesday, 8 August 2017

DBS - consolidation upon negative news

On 4 Aug 2017 DBS share price reacted accordingly to the following negative news:
DBS shares down on warning of higher provisions over O&G stress
http://www.businesstimes.com.sg/companies-markets/dbs-shares-down-on-warning-of-higher-provisions-over-og-stress

Technical charts analysis
After DBS share price successfully broke above 21.5 multi year high, it marched to high at 22.25, from there it broke down again the 21.5 support and subsequently below 21 mark.
The next immediate support is 20.55
and the stronger immediate support is at 20.24
next supports will be 19.45, 18.73 and 18.13 as shown below:
Mid term analysis (source : Poems Live Chart ) TA view for illustration purpose only


Posted by ckchoy77 at 14:04
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