DBS    Last:44.6    -0.5

DBS

Time to let it go, going down ward liao

 

Nearing resistance
- DBS has traded to a 2-month high of S$18.68 last week but its ascension appears to have paused and it is making an attempt to pull back.

- The bearish candlestick formation 2 days ago was on the back of very high volume, suggesting there would be more downside ahead. Yesterday's price move up was on the back of weak volume, hence we believe the price rise is not sustainable.

- The stochastic indicator has fallen out from the overbought region and is trending downwards, indicating there could be a little more downside in the near-term.

- DBS could hold up momentarily at the 50-day moving average on its decline at around S$17.60, before it progresses lower to test the support at the wedge pattern around S$16.50 - 16.70.

- We maintain our resistance level around S$19.00 - 19.50, which has led to significant reversals taking place over the last 12 months.

 

True...but for how long???

 

Really, current market is difficult to predict. Hence, sing along with the market trend and hit and run strategy are imminent leow. Trade with care next Mon. I opine that bright side is favoured. Cheers.

 

Never really like a spike up in price in such a short period ..... two weeks....something is amiss.....

Rather be safe than sorry as don't want to be the last one to carry the "baby".

Sit back and see how the situation unfold for the short term...

Happy Hunting.

 

Previously, I like to keep one or two lots for testing, it worked. Now, this is the time to decide to go in again, though its lower than 21.00. Cheers.

 

Almost there liao ......$20....

 

Wow...powerful jia....near $20 range...will it hold as US is near their recession...

 

looks like an opportunity to buy in...muz see how the dow perform tonight! what do you guys think??

 

Falling like rock. why ah?

winsontkl      ( Date: 29-Mar-2008 17:33) Posted: down again...not very optimistic leh...

 

down again...not very optimistic leh...

 

Last Aug, I kept few lots of DBS it for the dividends. That time already 21.50. But after 12 Nov, I didn't touch any bank's share leow, though all the while I still keeping track their performance.

Yes, no doubt that these few days, beside the banks, SGX and other property arms surge like no business. Who could predict most counters suddently out performed without any strong basis, despite most analyst talked bad about them. May be people stay optimistic just becasue US seems like the worst is over, as some joker said. Pse take note that there are many opportunists behind the stock markets, they are normally the killers of the small investors, esp those who Long and Short.

Now DJ has slided 95 points already, though so far no adversed news was released from Fed. What will happen when trading closed in early the morning. What would be the Singapore Stock response when trading commences tomorrow morning? Really, dare not to guess.

Now, base on Spore market is so influencial by the US sentiments, now you should be able to guage what you suppose to do when market is opened tomorrow morning. However, you still need to wake up early to look at the DJ day closed result as well as to read the WorldBiz for any shocking news which likely will affect the DJ day's performance. The current WorldBiz at Text page 220 are not latest. You may get a glimps of it after DJ mid day trade, say around Spore time 0200hrs.

Good luck folks.

 

Wow...reaching for $20 soon at the rate it is going....

 

ak view is that best don't get involve in both bank and insurance related coys this week or even till 2nd qtr as what other sifus said. But I didn't discourage hit-n-run principle over the current market atmosphere. Free sparing is ok, but with your own risk and good minds.

 

Thanks Singaporegal for you view....

 

Bollinger bands are tightening for this counter. Large price change may occur. 

Overall, other TA charts show slight bearishness.  

winsontkl      ( Date: 21-Mar-2008 00:17) Posted: Doesn't seem the case...volatility rules...

 

Doesn't seem the case...volatility rules...

 

Power up for rate cut....will it last???

 

Posted: 09-Mar-2008 09:48
x 0 x 0 * Alert Admin	07 Mar 2008 15:38 CST DJ MARKET TALK:BNPP Keeps Singapore Banking Sector At Underweight 0738 GMT [Dow Jones] BNP Paribas keeps Singapore banking sector at Underweight despite the banks' core EPS growing "laudable" 16.7% in 2007, citing several speed bumps, including margin squeeze, moderating loan growth, weaker non-interest income, higher credit charges. Notes Street slashed sector earnings forecasts by up to 6%. "We remain cautious on banks from a top-down perspective. We envisage more share-price downside risks, on the back of strong macro headwinds. Any share-price rise is unlikely to be sustainable, as trading multiples will remain compressed in view of weakening global economic prospects, suggesting that investing in banks could be dead money for now," says Ng Wee Siang in report. Says at 1.4X 2008E BV, valuation "not compelingly cheap," adding it's too early to bottom fish. Recommends exposure via DBS (D05.SG) for more attractive valuation, more exciting earnings growth profile. Rates DBS at Hold with S$20.40; Reduce ratings on UOB (U11.SG) with S$16.20 target, OCBC (O39.SG) with S$6.30 target. DBS down 1.5% at S$16.74, UOB down 1.7% at S$17.64, OCBC down 0.8% at S$7.48; STI down 1.7%. (LES)
Rate This Post:   Good Post   Bad Post
787180 Veteran	Posted: 09-Mar-2008 09:35
x 0 x 0 * Alert Admin	Avoid all stocks till 2nd half of the year,,,,why go in..earning pittance but suffer great losses if unable to cut in time?Prudence is the key....

Avoid all stocks now even banking stocks

 

Seems like financial sector will be severely whack this Monday...impact from US financial sector???