DBS Stock Code D05.SGX
Outlook
Price broke above the cloud on 3 August and this morning has stayed above the cloud, keeping the uptrend intact. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. MACD is bullish with both lines above the zero line. We think price is likely to move higher to the previous price resistance at $34.15 in the next 2-3 weeks.
Strategy
$31.85 Buy
$34.15 Price Target
$30.20 Risk Management Stop
3 weeks Trade Duration
