DBS

Looks like it is loosing momentum again!
A topping tail pin bar seems rather bearish!

Likely to see further selling down pressure again!

Pls dyodd.


29th Mar 2020
As expected, it has gap down and likely to see further selling down pressure!

Short term wise, I think it will continue to head south!
Pls dyodd.



Chart wise, it has a nice rebound from $16.65 and rises higher to touch $19.62 on last Friday.

This temporary rebound may be a golden window opportunity for those trader to book their short term profit or for those who want to exit .

I think, market situation is still rather bad and is gearing towards the Bear direction.

Short term wise, look out for this rebound to freezer out and observe the fist pivot low point of $18.76 or $18.53 level.
Breaking down this 2 levels + high volume that may likely see the price sliding down further towards $18.00 then $17.00 with extension to $16.60 level.


Not a call to buy or sell.
Pls dyodd.