DBS broke out above our Market Swing Trend Line (10SMA), with Relative Strength stronger than market performance, we are expecting further Mark Up for DBS.
1st target price at S$25.60, a confluence of previous resistance and its downtrend trendline.
Funds may be buying Trump's tweet that a trade deal is sooner than expected.
Trump says trade deal with China could happen sooner than people think
A break below S$24.59 will fasify the analysis.