Thursday, March 15, 2018

DBS - Short Term Trading

Studied the DBS chart, the buying was weak yesterday. The sellers were also huge and there were some profit taking going on in the 5 minute chart. The market turned sour today and suddenly the stock gap down from top which was a signal to go short. Combined with my early morning bearish market outlook, it's a perfect short for short term trading. DBS then down 30 cents shortly after since most blue chips look to sell down after a good run past 2 days.

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