𝐀𝐫𝐞 𝐭𝐡𝐞 𝐒𝐆 𝐁𝐚𝐧𝐤𝐬 𝐒𝐭𝐢𝐥𝐥 𝐁𝐮𝐥𝐥𝐢𝐬𝐡 𝐢𝐧 𝟐𝟎𝟐𝟏? (𝐃𝐁𝐒, 𝐎𝐂𝐁𝐂, 𝐔𝐎𝐁)

Wednesday, January 6, 2021

Since early November last year, we have seen all the 3 local banks rebounding by more 20% on vaccine hopes.. 🏦

However, 𝐮𝐩𝐬𝐢𝐝𝐞 𝐦𝐨𝐦𝐞𝐧𝐭𝐮𝐦 𝐬𝐭𝐨𝐩𝐩𝐞𝐝!

It seems like we have hit a snag with prices starting to cool off over the past few weeks. 😳

And all the 3 banks DBS, OCBC and UOB have traded lower by about 5% after hitting their recent highs..

So is the upside over for them? 𝐎𝐫 𝐢𝐬 𝐢𝐭 𝐭𝐡𝐞 𝐬𝐭𝐚𝐫𝐭 𝐨𝐟 𝐬𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐦𝐨𝐫𝐞 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫 𝐚𝐬 𝐰𝐞 𝐛𝐞𝐠𝐢𝐧 𝟐𝟎𝟐𝟏? 🤞🤞

Joey here, Top Tier Remisier in Phillip Securities.

Watch this video all the way to the end as I breakdown the charts of each of them for you.

We will cover how there were already some signs of strength somewhere in Nov from the trend indicators,

and more importantly, 𝐈𝐅 𝐭𝐡𝐢𝐬 𝐬𝐭𝐫𝐞𝐧𝐠𝐭𝐡 𝐜𝐚𝐧 𝐥𝐚𝐬𝐭 as we move forward in 2021...

Let's find out if the worst of the pandemic is indeed over..