DBS - Going Down Since 9 Jun 2020

DBS following the banks shares sell off of HSBC and Standard Chartered of Hong Kong due to suspicious illegal activities.

Many fundamental investor still love DBS.  However, just based on chart reading, only 4 bars on 8, 9, 10, and 11 June tried to cover the previous sell off gap but fails.  After that DBS had been trending down slowly.

Watch out for the critical support line, once it failed, it is going to be ugly.

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:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.