𝐒𝐆 𝐁𝐚𝐧𝐤𝐬 𝐒𝐭𝐨𝐜𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 - 𝐃𝐁𝐒, 𝐎𝐂𝐁𝐂, 𝐔𝐎𝐁 𝐏𝐫𝐢𝐜𝐞 𝐓𝐚𝐫𝐠𝐞𝐭 𝐑𝐞𝐯𝐢𝐬𝐞𝐝!

Friday, March 26, 2021

Just in Feb 2021, we saw a huge rally in all the 3 local SG banks by more than 8%.. 👍

BUT then it all came to a stop,

and we had 𝐒𝐄𝐋𝐋𝐈𝐍𝐆 𝐜𝐨𝐦𝐢𝐧𝐠 𝐛𝐚𝐜𝐤 𝐢𝐧 𝐃𝐁𝐒, 𝐎𝐂𝐁𝐂, 𝐔𝐎𝐁 over the past few weeks. 😳

They were all pretty much moving sideway and in a rather lacklustre mode.

Joey here, Top Tier Remisier in Phillip Securities.

𝐒𝐨 𝐭𝐡𝐞 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧 𝐈'𝐯𝐞 𝐠𝐨𝐭𝐭𝐞𝐧 𝐢𝐬:

"𝐂𝐚𝐧 𝐭𝐡𝐞 𝐔𝐩𝐭𝐫𝐞𝐧𝐝 𝐒𝐭𝐢𝐥𝐥 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞 EVEN IF we have already breached PRE-Pandemic price level?"

"𝐎𝐫 𝐬𝐡𝐨𝐮𝐥𝐝 𝐰𝐞 𝐠𝐞𝐭 𝐨𝐮𝐭 𝐚𝐧𝐝 𝐭𝐚𝐤𝐞 𝐚𝐥𝐥 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐚𝐟𝐭𝐞𝐫 𝐭𝐡𝐞 𝐫𝐞𝐜𝐞𝐧𝐭 𝐫𝐚𝐥𝐥𝐲?" 🤷

Well, watch this video all the way to the end as i dissect these 3 banks for you technically. 👀👀

The 3 of them look quite similar actually in terms of the chart but,

each has their own unique range and support levels you definitely want to be aware of.

You'll also want to take note of some of 𝐭𝐡𝐨𝐬𝐞 𝐤𝐞𝐲 𝐥𝐞𝐯𝐞𝐥𝐬 where you can also consider locking in some profits as selling may returned there.