Following up from previous call last week, we have seen a high of 19.20 before the profit taking happened where it broke back down below the 19.00 psychological support level again.
We may see some weakness back to the 18.40 – 18.50 level where short covering can happen again or maybe some bagain hunting too.
Banks are hit in general due to concerns of loan exposures to Ezra which has been been hit by news of Massive impairment by it’s subsea JV partners.
Just to share that DBS had Bullish RE-ENTRY SIGNALS in early Jan 2017 after the exit in December. See what i mean below.
However, we saw the EXIT signals came yesterday and today a further sell down.
System aside, can probably look to accumulate on dips near 18.40 support baring more negative news flow.
Click here to Come for a FREE Workshop in the future to find out more how to get hold of this system that has guided not just me but all my PTI students. J
For illustration purpose only
Recent Emails:
Sent: Wednesday, January 25, 2017 9:10 AM
Subject: ****** DBS: First target hit, more upside still possible, price 19.00
Subject: ****** DBS: First target hit, more upside still possible, price 19.00
Sent: Tuesday, January 24, 2017 9:21 AM
Subject: ****** DBS: Approaching key resistance level, hopefulyl a move above soon, selling seen below for now, price 18.46
Subject: ****** DBS: Approaching key resistance level, hopefulyl a move above soon, selling seen below for now, price 18.46
For illustration purpose only
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