Both DBS and OCBC have started to really came down and cooled off after my analysis on this very blog. Click below link to read my BEFORE market sell down analysis 1 week back.
http://stockmarketmindgames.blogspot.com/2019/08/ocbc-cooling-off.html
http://stockmarketmindgames.blogspot.com/2019/07/dbs-record-earnings-for-1h19.html
Both banking stocks are currently sinking deep red with sellers mounting. DBS just got XD while OCBC was just giving CD. See the chart, both are coming down very sharp which tells you that what I saw last week was spot on BEFORE price slumbered using the supply/demand zones theory. The bearishness and lacked of buying power towards rising price caused sellers to emerge to move worldwide stocks down. Combined with the hawkish rate cuts and the new $300 Billion tariffs from Trump, the market just got slaughtered again badly. The chart has all the cues before all these happened. Can you spot it?
Watch my Supply/Demand Zone video above to learn more on how I managed to spot it over and over again for so many years before the news was released.
Ronald K - Market Psychologist - A Stock Market Opportunist
