Longed DBS yesterday 15 minute before market closed. The stock went up first in the morning and then simmered off in the whole of afternoon. The market looked bullish at first and then suddenly, sellers swarmed in. It was at that moment where the opportunity presented itself and we took a long positions. Bought near low and today DBS gap up and touched 24.37.
As you can see the Dow Jones moved up 1200 points last evening like a dead cat bounce where many of caught into buying today where I think it's wise to take $$ for the short term. The coronavirus issue is not over and there might be more issues looking at the chart on how it trends. To play safe, locking in profits first is never a wrong thing. Looking forward to the next trade since the Top 30 Volume was mostly rising stocks and I don't want to hold the position in this volatile market.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
