Studied the chart of DBS where it had tanked down the past 4 days without support until today where the rebound looks more sutainable than the previous four. Attached is a trade record from my student who went longed on DBS with a small 2500 shares and is in the profits of $600 now!
The market had a scary sell down last evening where the Dow crash -440+ points before recovering and closed -335. Most blue chips gap down this morning and started to recover steadily. The banks moved slowly and trending upwards while other marine stocks like Sembmarine and Cosco also started to rebound a bit. DBS in the minute chart has that beautiful buying which exhibits strong signs of a short term rebound. The market depth also looks beautiful and strong. Watching how much more it can sustain.
Update: 20/3/2018, 2:45pm
Ronald K - Market Psychologist - A Stock Market Opportunist
