Friday, May 01, 2020

DBS - Gap Up But Demand and Supply Equally Strong

DBS 1st quarter result within expectations, gap up but the buyers and sellers equally strong.  Although end in the bullish territory, candle bar was narrow.  Also, it hit the recent high of $20, any higher attempt will face resistance at $21.  The up battle will be lost if it break below $19.



Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: Strictly master Rule Number 1 if you want to succeed in Trading.

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