CFD Trading – Buy DBS (D05.SGX) @ $34.85. Stop @ $33.78 and Target @ $36.15.

DBS Stock Code D05.SGX


After reaching a high of $36.17 on 18 January 2022, a price correction followed. The price correction is likely to be supported Base line as well as a strong resistance turned support line. Conversion and Base lines remain in a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish with both its lines above the zero line. If price is able to stay above a gap support, we are likely to see a rally to the previous high at $36.17 in the next 2-3 weeks.


$34.85                Buy

$36.15                Price Target

$33.78                Risk Management Stop

3 weeks Trade Duration

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