Tuesday, July 3, 2018

DBS - Scary Throw Down

DBS after my blog post and bearish morning outlook yesterday, the stock had a fake breakout with a gap up today where it looked like short covering more than real buying which caused the price to tank even further. Study the 5 minute chart, there were scary throw downs every time the stock tried to recover as the buyers were wanting to accumulate but sellers were in control. As the market tick up and down with buyers and sellers having a tug o war, it's hard to pick a winner now as both is some what equally strong. I will look to long this stock again when the timing is ready and when it's about to turn up.


Ronald K - Market Psychologist - A Stock Market Opportunist