Thursday, June 7, 2018

DBS - Scalping with Precision

The minute chart for DBS has all bearish signs setup for a perfect short. It's good for intraday scalping as the gap up followed by the long bar up was definitely signs of retailers chasing while the BBs locked in profits. This morning was a prime example where the gap up was so strong that the fake breakout created many retailers chasing while the sellers went shorting and causing price to dip. During this period, DBS has been the easiest stock to scalp and trade. Other than this, nothing else was so easy for trading. Will be looking for the next turning point.

Eventbrite - Register for a FREE Stock Trading Talk

Ronald K - Market Psychologist - A Stock Market Opportunist