Tuesday, June 29, 2021

DBS - Price Action Weakening

DBS price action seem to be weakening.  Two uptrend line broken but the 29 support still holds.  However, once the 29 strong hold is broken, expect further downside to 28.

Notice the bulls seem not able to hold for long once price action move above 30.

15 Jun 21 - Sign of Weakness - Close 30.07

21 Jun 21 - Signal of Strength - Close 29.63

28 Jun 21 - No Demand - Close 29.60



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.

No comments:

Post a Comment

Singapore Stock Investment Research