Friday, November 25, 2016

DBS: More upside possible above 17.00 still? price 17.00, See signal 2 weeks back, any exits? :)

DBS has staged an impressive rally over the past 2 weeks after breaking above the 15.50 and 16.50 key resistance level.

It has now approached the next stop at 17.00 where we can see some profit taking again and maybe a retracement before more upside.

Any firm move above 17.00 can see the short term uptrend continue towards 18.00 then 19.00.

More importantly, we had a 1ET BULLISH ENTRY SIGNAL on 10 Nov 2016 (see below), just before the rally began 2 weeks back.

Entry price was at 15.80. there are still NO EXITS for this signal yet so there can be more strength still.

Can consider taking some profit too if still holding and make sure to protect.

For illustration purpose only

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