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

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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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Yours

Humbly

Kelwin&Roy

DBS -[ Jumped In Before The Breakout Today?]

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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Yours

Humbly

Kelwin&Roy