CFD Trading – Buy DBS (D05.SGX) @ $20.78. Stop at $20.32 and Target at $21.60

DBS Stock Code D05.SGX

Price broke above the cloud on 7 September 2020 and this could be the start of a new bullish trend. Conversion and Base lines had a bullish crossover yesterday, confirming the bullish trend. However, Lagging Span is at price of 26 days ago and is below the cloud at the moment, and unable to confirm the bullish trend. MACD has a bullish crossover but is still below the zero line. Both of MACD’s line is close to the zero line and we are anticipating a movement above the zero line soon. We see price moving higher to $21.60

$20.78                Buy
$21.60                Price Target
$20.32                Risk Management Stop
3 weeks Trade Duration

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