dbs

DBS – [ Up Over 4% And Retraced After Hitting Our Resistance, Next Stop?]

Kelwin & Roy dbs , , , , , , , ,
14th January, 2019, 5:38 PM

DBS – [ Up Over 4% And Retraced After Hitting Our Resistance, Next Stop?]DBS 14th Jan 2019

Chart Source: Poemsview 14th Jan 2019

DBS part of the 30 STI component stocks saw a nice upswing over the past week.

We’re glad we managed to catch this upswing to a nice tune of 4% within the week from $23.84 to $24.89

Our *EXCLUSIVE CLIENTS* were alerted of this trade analysis with the chart attached for easier reference.

DBS has hit our resistance of $24.89 and started retracing to a low of $24.50. Further retracement might be seen to $24.40 level and if that can’t hold more downside might be seen.

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Yours

Humbly

Kelwin&Roy

 

 

DBS – [ Top Performing Stock In The STI, Alert Given, 2 Things To Take Note ]

Kelwin & Roy dbs , , , , , , , , ,
26th July, 2018, 11:15 AM

DBS – [ Top Performing Stock In The STI, Alert Given, 2 Things To Take Note ]DBS 26th July 2018

Chart Source : Poemsview 26th July 2018

DBS part of the STI component stock performing well in the morning making it top of the STI component list.

It gapped up first thing in the morning and never looked back.

We’re glad that our EXCLUSIVE CLIENTS were informed of this trade yesterday when DBS was trading at $26.44. A very nice upside is seen as DBS hits two of our target and just 2 cents shy of our third $27.30 target.

2 things to note now.

  1. DBS results will be out on 2nd Aug (Thursday) before market opens. We are usually cautious going into results as it can surprise either on the upside or downside. So do take note. Taking some profit before results would be one of our strategy.
  2. DBS manages to climb above the 200ma which is good sign. So do watch for it to stay above which might singal more rebound.

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DBS – [ Hanging On To Support, Will It Fall? ]

Kelwin & Roy dbs , , , , , , , ,
9th May, 2018, 11:37 AM

DBS – [ Hanging On To Support, Will It Fall? ]DBS 9th May 2018

Chart source: Poemsview 9th May 2018

DBS had a good run after reporting a good set of results at the end of April. DBS and the two other banks UOB and OCBC being part of the STI component have been the main driver responsible for our STI to move up.

Now that results are out and dividends are given. What other catalyst could DBS have? Some weakness could be seen after DBS gone XD and we are now closely watching the 50 days moving average to see if the price can hold.

There is also a horizontal support so some confluence of support at around $28.51 area.  So a break below this area might see DBS heading down in the coming weeks.

Keeping a close eye on it and our targets are drawn.

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DBS

Kelwin & Roy dbs , , ,
10th January, 2017, 4:01 PM
DBS Jan 2017
DBS Jan 2017

STI surged past 3000 and might be heading to 3050 area before being resisted. With that banks also might have a surge up too. We’re looking at DBS. It’s currently close to $18 a round number resistance. If market continue it runs $18 could be taken out and DBS might retest its previous  high of $18.40

We would consider entry at 18.01 with a stop loss of $17.70

Yours

Humbly

DBS

Kelwin & Roy dbs ,
12th September, 2016, 3:58 PM
DBS Sept 2016
DBS Sept 2016

DBS, what will the impending rate hike do to the price? Well, on theory an increase in interest rates would see an increase in interest yield on their loans but business might find it more costly to borrow. Only question is much how then will it hurt. It’s going to be a long drawn debate but lets see the chart for clues.

DBS currently supported by the 200ma and resisted by the 50ma . If it closes below the 200ma we could see it head down to test that uptrend line of about $15 and if it stays above the 50ma then it might test the uptrend line of $15.55. With the current sentiments we might see it test $15.

Yours
Humbly

Local Banks

Kelwin & Roy dbs, OCBC , , ,
28th July, 2016, 2:02 PM
DBS July 2016
DBS July 2016

DBS, slammed down today due to exposure of swiber (http://www.straitstimes.com/business/dbs-exposure-to-swiber-group-at-700-million-expects-to-recover-half)

This might just be the start has it might have other exposure to the O&G sector and debts that will be hard to recover. We’re using the 200ma as the first support at 15.67 and if that breaks then eventual target to 15. Entry to short at 15.8 with a stop loss at 16 or 16.15.

OCBC July 2016
OCBC July 2016

OCBC currently at its horizontal suppport of 8.71 it hit there and rebound. But if this breaks then we might see more downside towards its 200ma at 8.63 then 8.55. Our short entry would be 8.7 with a stop loss at 8.90. Of course we don’t naked short, we use our CFD DMA to short.  The risk reward for now could be 1-1

Yours

Humbly

DBS

Kelwin & Roy dbs ,
2nd February, 2016, 2:38 PM

DBS

 

DBS Feb 2016
DBS Feb 2016

 

STI had some rebound over the past week but we noticed that the banks didn’t rebound as strongly in fact it was quite weak and started heading down.

With that we see that if the horizontal support of $13.45 is broken we might see DBS heading down to a target of $13.10 first which we have to zoom out to a 15 year time frame to see. The vol for today has increased which might signal some downside pressure.

So what we’ll do now is to wait and see if the support of $13.45 is broken before we initiate a short position. A stop loss of $13.67 can be place for this trade. Remember, as a trader or even investor we have to practice patience.  As we all know patience is a virtue. =) Blessed day ahead

 

Yours

Humbly