𝐒𝐆 𝐁𝐚𝐧𝐤𝐬 𝐒𝐭𝐨𝐜𝐤𝐬 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 - 𝐀𝐧 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐭𝐨 𝐆𝐞𝐭 𝐈𝐧 𝐀𝐠𝐚𝐢𝐧? (𝐃𝐁𝐒, 𝐎𝐂𝐁𝐂, 𝐔𝐎𝐁)

Thursday, February 11, 2021

Can we still see the 𝐮𝐩𝐭𝐫𝐞𝐧𝐝 𝐫𝐞𝐯𝐞𝐫𝐬𝐚𝐥 of the SG banks continue in 2021? 🏦🏦

Since the massive 20% rally we have seen in Nov last year, the SG banks were back to some boring sideways movement over the past 2 months.

Each time we headed to some key resistance, 𝐬𝐞𝐥𝐥𝐞𝐫𝐬 𝐰𝐞𝐫𝐞 𝐛𝐚𝐜𝐤 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐩𝐫𝐢𝐜𝐞𝐬 𝐝𝐨𝐰𝐧 again. 😢

So where are we now and 𝐢𝐬 𝐭𝐡𝐞𝐫𝐞 𝐬𝐭𝐢𝐥𝐥 𝐚𝐧 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐭𝐨 𝐠𝐞𝐭 𝐢𝐧 𝐚𝐠𝐚𝐢𝐧 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐲? 🤞🤞

Joey here, Top Tier Remisier in Phillip Securities.

Watch this video as I dive into the charts for each of the 3 local SG banks DBS, OCBC and UOB. 📈

We will discover where are the levels where some bargain hunting can return again and,

𝐇𝐎𝐖 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟 for any rebound. 🙋

Though we are seeing some consolidation for now, the 𝐮𝐩𝐭𝐫𝐞𝐧𝐝 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐥𝐨𝐧𝐠𝐞𝐫 𝐭𝐞𝐫𝐦 may not be over..

Watch this video all the way to the end to see what I mean and also where you can also consider to take some profits in the short term.