All the banks moved higher today from morning till mid day now. The market was buoyant and the STI was up +43 points. It's seldom that I see STI up so much and it's a good sign that the market is recovering. DBS released some good news and posted some good profits where profits beat estimates as the market react to this news and the stock flew.
https://finance.yahoo.com/news/dbs-first-quarter-profit-rises-001450395.html
It was a huge surged as you can see from the 5 minute chart. The buyers were biting while the shortists got killed. As it's slowly climbing higher, it tells you that the market is strong and look for dips for long entry. See you all tomorrow where I shall share more stocks and outlooks.
Register Now - How to Trade Using Market Depth
Update: 29/4/2019, 5:02pm
DBS moved higher. The stock really moved as the market is strong as highlighted earlier.
Ronald K - Market Psychologist - A Stock Market Opportunist
