CFD Trading – Sell DBS (D05.SGX) @ S$35.80. Stop @ S$36.52 and Target @ S$33.43.

DBS Stock Code D05.SGX

Outlook

The chart outlook remains bearish as price is trading below the cloud. Conversion and base lines remain in a bearish crossover. MACD is bearish with both of its lines below the zero line. These could increase chances of the stock price continuing to move lower.

Strategy

S$35.80         Sell

S$33.43         Price Target

S$36.52         Risk Management Stop

3 weeks        Trade Duration

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