DBS (D05): Expecting Short Term Upward moment


DBS (D05):
Expecting Short Term Upward moment

We have initiated a LONG (Bullish) trade in view of technical momentum building.

Price is trading at support with volume indicator, FFI, and momentum indicator, MACD, turning positive. We have expectations of price retesting S$33.00.

Stocks usually experience a more positive trend at year end, probable reasons include institutions rebalancing and investors year-end positive sentiments.

Target: 33.00
Entry: 31.69
Stop: 31.00 

Disclaimers apply

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