DBS Stock Code D05.SGX
Outlook
Price could have formed a possible price top at S$34.26. It couldn’t penetrate its recent price high and form a lower high instead. MACD is moving lower after a bearish crossover. We are likely to see price breaking down the middle band to move lower.
Strategy
S$33.90 Sell
S$32.17 Price Target
S$34.41 Risk Management Stop
3 weeks Trade Duration
