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(20250103) DBS - Real Action coming soon?
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Proficiency Group (Level): Master (5/5)
Market Watcher, Chart Analyzer, Trading Consultant & Strategy Deployer
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_MK_Watcher_ OP : From the chart, looks like it is ready to break level 44 again very soon. This is one of the psychological levels that has been tested multiple times within recent weeks. And seems like it adopted a better approach this round (by making HL, HH steadily in lower gradient). We'll see how it go.
tinymonster1987 : yes sure break easily
newtoinvesting _MK_Watcher_ OP : How to tell if it will stay above 44 or come back down?
_MK_Watcher_ OP newtoinvesting : By looking at the trend chart, it is now falling back after the 'explosive and unsustainable' start, it is now (1023h) even traded lower than yesterday's close, meaning 44 become a resistance again that it will test it again. It has happened countless times, everytime it crosses 44, it will make an U-turn to 43 level and create a LL.