DBS – [ Inching Towards Our First Target, What Should We Do? ]


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18th July, 2019, 9:40 PM

DBS – [ Inching Towards Our First Target, What Should We Do? ]algo investing.com/wp-content/uploads/2019/07/dbs.png” alt=”DBS 18th July 2019″ width=”962″ height=”562″ srcset=”http://algo investing.com/wp-content/uploads/2019/07/dbs.png 962w, http://algo investing.com/wp-content/uploads/2019/07/dbs-300×175.png 300w, http://algo investing.com/wp-content/uploads/2019/07/dbs-768×449.png 768w, http://algo investing.com/wp-content/uploads/2019/07/dbs-600×351.png 600w, http://algo investing.com/wp-content/uploads/2019/07/dbs-695×406.png 695w” sizes=”(max-width: 962px) 100vw, 962px”>algo investing.com/wp-content/uploads/2019/07/dbs-msg.png” alt=”” width=”229″ height=”355″ srcset=”http://algo investing.com/wp-content/uploads/2019/07/dbs-msg.png 229w, http://algo investing.com/wp-content/uploads/2019/07/dbs-msg-194×300.png 194w” sizes=”(max-width: 229px) 100vw, 229px”>

Chart Source: Poemsview 18th July 2019

DBS the strongest in terms of price movement amongst the three local banks. It has seen its price moved up over the last few days whereas OCBC and UOB were moving in a sideway pattern.

We’re glad we managed to catch this upswing and alerted our EXCLUSIVE CLIENTS on it on Monday when DBS was well supported by the 5ema.

It is now moving close to our first target of $26.40 which is just 5 cents away. As the market seems a little wobby to us we would want to protect profits at this point and not expect too much. It is better to make lesser profit then to have a profitable trade turn to loss. Blue Chips stocks like banks and property stocks are somewhat in a drifting phase and we’re monitoring for the next course of action.

We have drawn out our trade plan for DBS, do you have a trade plan?

Want such Alerts sent straight to your handphone?

CLICK HERE to see how you can learn how to plan a sound and actionable trade plan and to be part of this EXCLUSIVE COMMUNITY to enjoy such value added services.

Yours

Humbly

Kelwin&Roy

 

The post DBS – [ Inching Towards Our First Target, What Should We Do? ] appeared first on algo investing.

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