Chart Source: Poemsview 18th July 2019
DBS the strongest in terms of price movement amongst the three local banks. It has seen its price moved up over the last few days whereas OCBC and UOB were moving in a sideway pattern.
We’re glad we managed to catch this upswing and alerted our EXCLUSIVE CLIENTS on it on Monday when DBS was well supported by the 5ema.
It is now moving close to our first target of $26.40 which is just 5 cents away. As the market seems a little wobby to us we would want to protect profits at this point and not expect too much. It is better to make lesser profit then to have a profitable trade turn to loss. Blue Chips stocks like banks and property stocks are somewhat in a drifting phase and we’re monitoring for the next course of action.
We have drawn out our trade plan for DBS, do you have a trade plan?
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