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DBS - Technical Analysis
DBS stock showed a pullback yesterday but pared most of the losses until the closing. It remains in a valid uptrend. The recent break above key resistance at 14.94/14.96 signalled a possible longer-term bottom. Next mid-term upside target is seen at 15.74/15.80. Short-term technical bias remains to the upside, as long as 14.82 support holds. A drop below would suggest a deeper pullback towards 14.25-14.50. Minor support is coming in at 14.91/14.96. Clearing Monday's high at 15.24 decisively would point to resumption of the short-term uptrend targeting 15.40 initially...
/dbwarrants//
As a state-controlled bank, there might be unwritten / unspoken rules on limitations of what BBs can do with its stocks. No BB would be foolish enough to test the Singapore gahmen and manipulate with its stocks without getting burnt
Does anyone one invested on DBS triple happiest unit (t)?. It's the lousy Fund which after a 5 years that i only have a final interest of $54.00 of my 20k investment. That's telling me that DBS investment sector is doing the lousy investment.
I think my future of any investment MUST shift to OCBC or UOB for sure.
Never say die! DBS has more than the strength of 4 horses! Si Ma Nan chui if it really runs. Hehehe!
eric69 ( Date: 20-Jul-2009 23:40) Posted:
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Let watch the price action tomorrow...
why is DBS so laggard? Its peers UOB and OCBC have ride the rally upwards, but DBS is just so ptui ?! Damn, is something brewing in the background that will cause it to lau sai soon ?!?? Should I liquidified my DBS holdings to take profit ?!
senecus ( Date: 17-Jul-2009 22:28) Posted:
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DBS is for long term investment...it just get better.
Worry of miss the ride, Yesterday bought in 1 lot after Gov announce of GDP for last Quarter.
Nothing to hold yet. Thought of going in. Is timing good? Seem to be forming a double bottom now.
HOLD.
erictkw ( Date: 15-Jul-2009 10:42) Posted:
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Any sifus 
on this counter willing to share his/her views?
on this counter willing to share his/her views?