CFD Trading – Buy DBS (D05.SGX) @ $29.80. Stop @ $29.18 and Target @ $30.60.

DBS Stock Code D05.SGX

Price reached a high of $30.60 on 28 May 2021 and went into a correction. The price decline has brought price to the upper edge of the cloud at $29.18. In the previous day, we have a strong candlestick which broke above and confirm an Ichimoku reversal. Lagging Span is below price of 26 days ago but is above the cloud. MACD remains bullish and we are likely to see a bullish crossover soon, which will confirm the bullish price trend ahead. We are expecting price to continue its rally to the previous price high at $30.60.

$29.80                Buy
$30.60                Price Target
$29.18                Risk Management Stop
2 weeks Trade Duration

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