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Monday, September 30, 2019

DBS

Chart wise, looks bearish!
The past 2 days were merely a throw back reaction when a stocks counter was on a downtrend direction.


I think likely to go down to retest $24.63 again!
Breaking down it will likely revisit 24.30 then 24.00 and below.


The volume for past 2 days wasn't high at all.

Not a call to buy or sell.
Pls dyodd.


21th September 2019
Chart wise, looks bearish!
We had a mild throw-back reaction on last Friday after touching the low of $24.97 and close slightly higher at $25.15. The volume is also not high.


Short term wise, I think it may go down to retest $24.97 again!
Breaking down of $24.97 with high volume that may see further selling pressure for the price to slide further down to $24.50 then $24.00 with extension to $23.50 level.


With Market sentiment is not so rosy + US just cut interest rate of 0.25% again, the economy is not doing well. I think is good to be cautious!

Not a call to buy or sell.

Pls dyodd.


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