I'm Brandon, a senior stockbroker at a local securities firm and also a professional trainer with Singapore Exchange (SGX) Academy. Holder of Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) with over 10 years experience in the financial industry.

This blog aims to share how private traders can forecast price and trade in line with the market and smart money by applying Wyckoff principles and simple technical analysis techniques.

Tuesday, 29 September 2015

DBS - Short (Educational)

 
Technical View:
Long Term(6mths or more) : Bearish
Mid Term(1-6mths)        : Bearish (MACD Bearish Crossover)
Short Term(1mths or less): Bearish

Levels to watch:
Resistance 2: S$17.50
Resistance 1: S$16.50
Support    1: S$15.50
Support    2: S$14.50

Probable STI Movement
Preferred  : Bearish Downward movement towards S$15.50
Alternate  : Range between S$16.00 - S$16.50

Remarks: All 3 trends (Long, Mid and Short term) are not in the stock's favour.

Technical Terms (StockCharts.com):
Dow Theory
Moving Average Convergence/Divergence Oscillator (MACD)
Moving Averages
Trend Lines
Support and Resistance
Rate of Change (ROC)

*Above comments and chart presented are for the sole purpose of Technical Analysis (TA) education. Disclaimer applies.