$DBS Group Holdings (D05.SG)$ The chart shows a falling wind...
The chart shows a falling window today. The stock is still bearish and down trend is intact. Next support is 34.76. Trade with caution. Don’t catch the falling knives. The US recessionary fears is making the US 10 bond yield drop below 4%. The stock might drop to 33.xx level in September before or after rate cut. This is my view. DYODD.
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summer66 : Thanks. Not rushing to buy, yet.
Saving bullets for the coming week, the week just before ex-date
Deep Sea OP summer66 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102533657 :
Joe_theMan : thanks for the good advice, now target $34
101721316 : spot on![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
101572240 : The start of end
103138869 : I actually don't quite understand all this gloom and doom. OCBC made money in earnings report. DBS only announce earnings next week. the local banks' fortunes have been mirroring each other in terms of trending up or down. UOB also made money but it's too richly priced. OCBC is more reasonable than UOB. DBS falling to 35x also makes it more reasonable s i dont expect it to be announcing a loss. and with a forward dividend of at least 0.54.
the talks of rate cuts are just talks. the fact is rates are not cut yet and banks had made handsomely from high interest rates in past quarter
unfilteredtruths 103138869 : Markets are always forward looking. In other words, no one cares about what happened last time or past earnings. It's all about what investors think will happen in the future.
103635749 : Just like flights, turbulence is expected and price will fluctuate for a while. Once it calms, it would be smoother sailing as fundamentals are well in placed for this stock. DYODD!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Deep Sea OP unfilteredtruths : Right.
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