Time to take some profit
$DBS Group Holdings(D05.SG$ 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!
![Time to take some profit](https://sgsnsimg.moomoo.com/sns_client_feed/70976936/20240609/1717923751133-9fc24b8b57.png/big?area=101&is_public=true)
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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….![face_with_hand_over_mouth 🤭](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f92d.png)
![stuck_out_tongue_winking_eye 😜](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f61c.png)