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Friday, August 7, 2020

DBS

Chart wise, looks bearish!
With the recent technical rebound from $19.50 to touch the high of $20.69 it might be an opportunity for those who want to exit the trade! The trading volume isn't high and this temporary throw-back reaction may be short-lived.


Short term wise, I think any further weakness of the price may see further selling off pressure!
Breaking down of $20.02 plus high volume that may likely see the price sliding down to retest $19.50 then $19.00 with extension to $18.50 and below.

NAV $19.20
Quarterly dividend has been cut from 33 cents to 18 cents. XD 14th Aug 2020.
Yield is about 3.49% base on current price of $20.60.


Not a call to buy or sell.
Pls dyodd.

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