DBS - Reduced Losses

As DBS truly hit a supply zone and as mentioned in my previous blog post that it suffered many profit taking, the stock is now taking a breather from 25.30 to now 25.13 with sellers commanding. Worst still, UOB suffered a larger drop with almost 30 cents drop from the high of 26.95 to 2.68. The US is closed tonight and I am not sure why the market rallied earlier in the morning when obviously from the chart that market is coming down. Could it be a fake breakout to trick public to buy first then sell down? It sure looked like it.

Ronald K - Market Psychologist - A Stock Market Opportunist