Monday, October 24, 2016

DBS - Bearish Setup

Looking at the DBS chart, it seemed as though that the buyers are pretty lackluster and there was no strength in the uplift. When the buyers are weak, soon, the sellers will take control and fully be in charge. I am patiently waiting for the right timing to short this counter.

In the 5 min chart, the selling zone is at the horizontal line I drew and hence when if it reaches there and if sellers emerge, it would be a good short. Waiting for market to open. Other than that, I want to thank everyone who registered for my event tomorrow. There are still some seats left, interested parties can register below:

Eventbrite - Register to come for Short Term Trading Session

Ronald K - Market Psychologist - A Stock Market Opportunist