CFD Trading – Buy DBS (D05.SGX) @ $32.55. Stop @ $32.15 and Target @ $34.00.

DBS Stock Code D05.SGX

Outlook

Price has been declining after creating a price top on 1 August 2023. It retraced to its resistance-turned-support level yesterday, and formed a potential bullish harami candlestick pattern. RSI is at the oversold region, hinting at potential reversal ahead. These could increase chances of the stock price rebounding to move higher.

Strategy

$32.55         Buy

$34.00        Price Target

$32.15         Risk Management Stop

3 weeks      Trade Duration

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