𝐒𝐆 𝐁𝐚𝐧𝐤𝐬 𝐑𝐄𝐁𝐎𝐔𝐍𝐃𝐄𝐃 𝐁𝐔𝐓 𝐂𝐚𝐧 𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐑𝐞𝐭𝐮𝐫𝐧? (𝐃𝐁𝐒, 𝐎𝐂𝐁𝐂, 𝐔𝐎𝐁)

Thursday, October 22, 2020

Over the past 3 weeks, we have seen a rebound in the 3 SG banks, some more so than the others,

from 4% to more than 10% recovery.

However, it seems like 𝐀𝐋𝐋 𝐨𝐟 𝐭𝐡𝐞𝐦 𝐚𝐫𝐞 𝐡𝐢𝐭𝐭𝐢𝐧𝐠 some kind of an obstacle over the past few days.

Buyers seems to have lost their momentum... and we are now trading sideways..

𝐒𝐨 𝐢𝐭 𝐢𝐬 𝐚 𝐠𝐨𝐨𝐝 𝐭𝐢𝐦𝐞 to start taking some money off the table after this rebound or 𝐇𝐎𝐋𝐃 or maybe even buy more?

Joey here, Top Tier Remisier in Phillip Securities.

Well, watch this video where i DIVE into each of the 3 Singapore banks to see what are some of the key levels that you want to take note of..

Where are the levels where we can expect some profit taking to happen again and maybe a trade back down?