DBS Stock Code D05.SGX
Outlook
Price is trading far above the cloud, suggesting the strong bullish uptrend. Conversion and base lines remain in a bullish crossover. MACD is strong and bullish with both of its lines are far above the zero line. These could increase chances of the stock price continuing to move higher.
Strategy
$33.56 Buy
$35.40 Price Target
$33.05 Risk Management Stop
3 weeks Trade Duration
DBS Stock Code D05.SGX
Outlook
Price managed to stay above the cloud during a price correction keeping the uptrend intact. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD remains bullish and is about to turn up from the zero line. MACD is hinting at a bullish price trend ahead. If price is able to stay above the cloud, it could be heading towards the previous high at $33.83 in the next 2-3 weeks.
Strategy
$32.50 Buy
$33.82 Price Target
$31.50 Risk Management Stop
3 weeks Trade Duration
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
DBS Stock Code D05.SGX
Outlook
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.
Strategy
$34.85 Buy
$36.15 Price Target
$33.78 Risk Management Stop
3 weeks Trade Duration
DBS Stock Code D05.SGX
Outlook
After reaching a high on 11 August 2021 at $31.40, price went into a decline. The decline managed to stay above the cloud, keeping the uptrend intact. Price is now close to the upper edge of the cloud, which is acting as support. We think price could be close to the end of a correction and the uptrend is likely to resume soon. Conversion and Base lines had a bullish price trend hint. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains bullish with both its lines above the zero line, which is a hint of a bullish price trend. We are expecting price to stay supported above the cloud and a rally to bring price to the previous high at $31.40.
Strategy
$30.12 Buy
$31.40 Price Target
$29.30 Risk Management Stop
3 weeks Trade Duration
