DBS had a breakout last Friday, the stock climbed out of no reason just like UOB and started to attracted a lot of retailers buying. After a frenzy move up, the stock suddenly experienced some profit taking which some BBs went to lock in profits. The strange thing was OCBC did not even attempted to make any runs.
Today after market opened, the stock just ran further to form a fake breakout before DBS started to suffer selling as attached in the minute chart. The trick is to buy before the breakout just like how my student did and unload when the price is running fierce. That's a so much wiser choice than buyign breakouts. I will be doing more on skills and knowledge sharing in my talk next Tuesday on May 22. Come learn and listen to me.
http://stockmarketmindgames.blogspot.sg/2018/05/dbs-sudden-spike-up.html
Ronald K - Market Psychologist - A Stock Market Opportunist
