Time to take some profit
$DBS (D05.SG)$ has been range bound between $35 to $36 for a while. It is obvious $36 is a strong “fortress” for the bears. Despite holding up well, RSI is losing steam. If price breaks below $35, it will likely look for the next support line at $32.
As much as I love SG banks, they are cyclical. I have also made some money from the rally + bonus + stock split (which is quite unpredecented). But let’s not have the mindset that good things will last forever. I have sold everything and shall just wait for the next down cycle to load up more. Good luck guys. Cheers!
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PS: Personal opinions and not meant to be financial advice.
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tothemoooonnn : yup might hover between 33.5 - 36 + till next earning release in august
Pawpetrol : 36 is nothing but a number, only a price barrier that is easily crossed effortlessly.
Food For Thought3731 OP Pawpetrol : Are you talking about your age? That I am sure can only go up….
