DBS Stock Code D05.SGX
Outlook
Price could have formed a possible price top at S$34.26. It couldn’t penetrate its recent price high and form a lower high instead. MACD is moving lower after a bearish crossover. We are likely to see price breaking down the middle band to move lower.
Strategy
S$33.90 Sell
S$32.17 Price Target
S$34.41 Risk Management Stop
3 weeks Trade Duration
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 that hints at potential downside ahead. MACD is bearish and is moving lower. These could increase chances of the stock price moving lower.
Strategy
S$32.13 Sell
S$30.21 Price Target
S$32.95 Risk Management Stop
3 weeks Trade Duration
DBS Stock Code D05.SGX
Outlook
Price could have formed a possible price top at S$33.64. It could be consolidating within a flag pattern after being capped by the cloud resistance. There is a bearish conversion and base lines crossover that hints at potential downside ahead. MACD is bearish. These could increase chances of the stock price moving lower.
Strategy
S$31.90 Sell
S$30.20 Price Target
S$32.99 Risk Management Stop
3 weeks Trade Duration
DBS Stock Code D05.SGX
Outlook
Price was capped by the Fibonacci 62% correction point, forming a possible lower high. This could hint that price has formed a price top at S$34.48. There is a bearish conversion and base lines crossover that hints at possible downside ahead. MACD is relatively weak and forming possible divergence warning. These could increase chances of the stock price moving lower.
Strategy
$33.82 Sell
$31.42 Price Target
$34.75 Risk Management Stop
3 weeks Trade Duration
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
