𝐒𝐆 𝐁𝐚𝐧𝐤𝐬 𝐒𝐭𝐨𝐜𝐤𝐬 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 - 𝐀𝐫𝐞 𝐃𝐁𝐒, 𝐎𝐂𝐁𝐂 𝐚𝐧𝐝 𝐔𝐎𝐁 𝐒𝐭𝐢𝐥𝐥 𝐨𝐧 𝐓𝐫𝐚𝐜𝐤 𝐟𝐨𝐫 𝐀 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐢𝐧 𝟐𝟎𝟐𝟏?

Friday, January 22, 2021

Since the start of November last year, we have seen all the 𝟑 𝐥𝐨𝐜𝐚𝐥 𝐒𝐆 𝐛𝐚𝐧𝐤𝐬 𝐬𝐮𝐫𝐠𝐞𝐝 𝐮𝐩 𝐛𝐲 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝟐𝟓% on vaccine hopes.. 💉

However, as we head into the new year 2021, over the past few weeks,

the upside momentum seems to have stopped.. 😓

𝐒𝐞𝐥𝐥𝐞𝐫𝐬 𝐰𝐞𝐫𝐞 𝐨𝐮𝐭 to take some money off the table after the huge rally not seen in years..

Joey here, Top Tier Remisier in Phillip Securities.

So the question is:

"𝐂𝐚𝐧 𝐭𝐡𝐞 𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐭𝐡𝐚𝐭 𝐰𝐞 𝐡𝐚𝐯𝐞 𝐬𝐞𝐞𝐧 𝐬𝐭𝐢𝐥𝐥 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐚𝐬 𝐰𝐞 𝐦𝐨𝐯𝐞 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐢𝐧𝐭𝐨 𝟐𝟎𝟐𝟏?" 👍

Or is the upside pretty much capped from here?

Watch this video as I dive into the charts for each of the 3 SG Banks DBS, OCBC and UOB as i share more on the trend and also,

some of the key support levels whereby a rebound opportunity may present itself again..

It could be just the beginning what we have seen so far...