SIngapore Banks

DBS – [ All Time High! What To Take Note Now?]

Kelwin & Roy dbs , , ,
27th October, 2021, 7:33 PM

DBS – [ All Time High! What To Take Note Now?]

Image source: giphy.com

DBS has hit an ALL TIME HIGH (ATH) and given such a climate its in, it deserves a clap! Hitting all time high also means that it has hit our second target of $31.80.  The move in DBS is also helping to sustain the gain in our STI as DBS is part of the STI component stock. We’re glad that DBS is moving the way we want it to since our alert at $30.55 before the breakout but here’s a few things to take note of and not get overly excited.

  1. Its Q3 results are coming out on 5th Nov before market opens. As we always preach, its a gamble to play over results especially if you’re trading the stock. If you saw what happen to IFast after results you will know what we mean. Despite a good set of numbers, the stock got sold down. Could that happen to DBS? will the results live up to the analyst? Who knows? Will the market like the results? So playing over results does carry more risk in our opinion.
  2. On the chart, if DBS starts showing weakness closing with a weak bar, that might be a sign of profit taking and for those traders, it might be a sign to come out.
  3. DBS might be running ahead of results as most banks overseas are reporting good results so sentiments and expectations are building up.

So with these points, do take note when trading DBS! Our next upside target is in the message!

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DBS -[ Jumped In Before The Breakout Today?]

Kelwin & Roy dbs , , ,
19th October, 2021, 7:40 PM

DBS -[ Jumped In Before The Breakout Today?]DBS 19th Oct 2021

Another good day out in the markets unless you’re shorting the markets. STI has hit our upside resistance of 3200 which we pointed out in our weekly outlook and close just a point below.

As for the STI component stocks, banks continued its move up with DBS having the largest percentage gain closing in second after dairyfarm.

If you read our article just last Thursday, we mentioned that OCBC and UOB had broke out and ran up but DBS hasn’t done so and it was worth keeping a close look out. True enough the break came today as US closed positive pushing the bulls further ahead. DBS saw a gap up this morning before making a tiny pullback and off it went towards our first target of $31.18! And yes, you guessed right, our EXCLUSIVE CLIENTS were alerted before the breakout! See below for our next target!

 

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Are Banks Back In Play?

Kelwin & Roy Stock Market , , , , , , , , , ,
14th October, 2021, 7:52 PM

Are Banks Back In Play?

Are banks back in play? Lets take a quick look at the charts to see if momentum to the upside has returned.

Lets take a look at OCBC first.

Chart source: AdvisorXs 14th Oct 2021

OCBC Bank has broken above its horizontal resistance of around $11.64 which our clients were alerted on. From there we can see if move higher to our upside targets. A new upside move might be in play as banks are starting to come back in play. The big banks in US are also reporting results this week which might give a boost to our Singapore side if results are good. Volume is also starting to return as traders are starting to come back to the bank counters.

We might see OCBC move up to around $12 which is the gap resistance and a break of that might see it push higher to $12.24.

UOB

Image Source: AdvisorXs 14th Oct 2021

UOB chart quite similar to OCBC’s chart as it broke above its horizontal resistance of around $26.34. Volume started to come in yesterday too as our three local banks started getting more attention. If this level is able to hold, we might see it move to $26.90.

DBS

DBS is the only bank that has yet to break out. Will it breakout soon? Is this on your watchlist? We have drawn our levels what we are targeting. What will your trade plan be like?

As we can see, momentum looks like its returning to the three local banks with DBS lagging behind. Will it catch up?

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DBS – [ Momentum Slowing Down? Time To Take Some Profits? ]

Kelwin & Roy dbs , , , , , , , , ,
26th November, 2020, 7:00 AM

DBS – [ Momentum Slowing Down? Time To Take Some Profits? ]

Chart Source: Poemsview 26th Nov 2020

DBS named the best bank in the world in 2018 was a stock that has been on our watchlist for a long time!

Back in late Sept when we posted on DBS it was just trading slightly below $20. We continued to update our clients in mid  OCT (see above for a snap shot)  and an update again in late Oct. Since then, DBS has rocketed over 25% and we hope you managed to catch a ride on this rocket!

So the question is, is it time to take profits? Well, the answer really lies on your objective for entering. If this trade has met your objective price target, then it’s wise to sell or at least take some profits.

If your objective was to invest in the banks for dividends for the long haul, then selling now and putting your funds back in the bank might not be the best thing. Banks interest rates as we all know are rock bottom *psst* its 0.05% the last we checked. Just check out the rates HERE! So leaving it in the stock might be a wiser thing to do unless you have somewhere else you want to deploy your funds too. At current price, DBS yield is around 4% still decent as compared to leaving it in the bank.

So now lets take a look at the chart to get some sense of direction. From the technical perspective, DBS saw an increase in volume today but the candle didn’t show a full body one and it actually closed slightly below its opening price. Short term wise, we feel DBS might be over extended and a pullback to the 5ema first would be healthy and a pullback to 10ema would be even better! We have drawn the support and resistance for reference too. Common indicators are also showing signs of overbought region. We would prefer a pullback before an entry!

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OCBC – [ Catching The Rebound Using Moving Average, Second Target Met!]

Kelwin & Roy OCBC , , , , , , , , , ,
18th March, 2019, 12:07 PM

OCBC – [ Catching The Rebound Using Moving Average, Second Target Met!] OCBC 18th March 2019

Chart Source : Poemsview 18th March 2019

OCBC started the Monday morning with a nice upside following Dow Jones lead on friday night. Singapore banks were generally up with OCBC taking the lead up close to 1% before lunch time.

A break above the 5ema at $11.06 for OCBC gave a clue and our EXCLUSIVE CLIENTS were alerted on it.  Just within a day and two of our targets were met with $11.20 being the latest target to be hit.

OCBC might see more upside if it can hold above the 20ema which is at $11.20. The next possible upside might be $11.29.

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OCBC – [ Caught The First Rebound, Want To Know Next Target? ]

Kelwin & Roy OCBC , , , , , , , , , ,
13th September, 2018, 5:26 PM

OCBC – [ Caught The First Rebound, Want To Know Next Target? ]OCBC 13th Sept 2018

Chart Source : Poemsview 13th Sept 2018

OCBC a blue chip had a nice rebound today closing one cent off the day high at $11.14. Its first rebound for the last two weeks and we are glad we managed to catch and inform our EXCLUSIVE CLIENTS! just yesterday!

An early entry at $11.05 gave a nice upside target of $11.13 first and staying above might see it move towards $11.20. OCBC has also broken above its downtrend line with some volume which is a positive sign.

In such a market, staying nimble and not being greedy is important as this is a rebound trade we would want to be protecting our profits along the way because who knows what Donald Trump might say to stir the markets again.

It’s important to stay alert and be flexible in this market as we continuously inform our client just like this OCBC trade analysis. An opportunity arise and its important to grab it.

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OCBC – [ Morning Highlight! Hitting Our Target With Early Alert Sent Out]

Kelwin & Roy OCBC , , , , , , , , , , ,
25th July, 2018, 10:03 AM

OCBC – [ Morning Highlight! Hitting Our Target With Early Alert Sent Out] OCBC 25th July 2018

Chart Source: Poemsview 25th July 2018

OCBC part of the STI Component having a very nice run within the first hour of trading. OCBC being the leader among the Singapore banks for the time being up over 2%!

We’re glad that we spotted this trade which we sent out to our EXCLUSIVE CLIENT just over the weekend with our analysis in it with an entry price of $11.31 Our advanced analysis was sent over the weekend or our clients to prepare, plan and decide.

OCBC hit our first target of $11.45 in less than a week and even hit our next target of $11.55 within minutes! A very nice trade if we must say so ourselves. Market has been having a good rebound so far and we hope our readers are taking good advantage of it.

OCBC next upside target might be $11.71. Volume looks good for the morning. So let’s see if it can carry it up to $11.71 in the coming days.

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