DBS just had a triple gap down in the 5 minute chart. The market is filled with pessimism on the coronavirus and it's killing the local market with many stocks trending lower and lower. The 3 backbone which is dbs, uob and ocbc supports the STI on a higher weightage but all 3 cannot perform at the moment and hence it's slowly breaking down. I particularly studied DBS chart for more cues and found that the gap downs were pretty obvious on telling me that retailers were throwing regardless of price and is it signaling it's time for a long? Well, I don't know but I need to watch the market for more cues and signals before it turned up. Becareful of your investments now as nothing is really good at the moment.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
