DBS gap down today. I am not sure why but with a good earnings and the company is issuing dividends, the stock gap down? I can only explain from the chart with supply/demand theory. Based on the chart, DBS has definitely reach a critical supply zone as highlighted yesterday here on my blog. Click below to read.
http://stockmarketmindgames.blogspot.com/2019/07/dbs-record-earnings-for-1h19.html
Thereafter with the good news and good earnings released, big players used it as a alibi to lock in profits while letting prices drop first to another attractive level before buying back again. That's the way how the stock market works. It's not buying into the good news but rather sell into strength. DBS is currently in Top 30 Volume with declining prices. It haven't reached that attractive level yet so let's see.
Ronald K - Market Psychologist - A Stock Market Opportunist
