Thursday, February 23, 2017

DBS - A Shorting Candidate?

Studying the DBS chart, it looks like a shorting candidate. The stock is soon reaching a heavy ceiling with sellers standing by. I would look to short this stock at the right turning point and not anyhow click the sell button. The most important thing before shorting is I need to see sellers distribution and buyers chasing the stock and the time maybe soon but not now as the bull maybe still charging. It may happen later or may happen next week, I don't know, so watch it. It's a short term short and I believe one can see a few cents down. Put in your watchlist.

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Ronald K - Market Psychologist - A Stock Market Opportunist