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Friday, October 4, 2019

DBS

It has indeed broken down 24.63 level and close lower at 24.55, looks rather bearish!


Likely to go further down to retest 24.02/24.00. Failure to hold at this level would likely see the price sliding down further towards 23.50 then 23.00.

Pls dyodd.



30th September 2019
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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