SG banks esp $DBS Group Holdings (D05.SG)$Is heading up on possibly 2 reasons:
1. Pre-dividend play (ex-date 5 apr 2024)
2. Investors trying to lock into good assets as profit-taking in USD continues
Technically, upward momentum is strong with resistance near to 37.
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Short-term trading instruments:
$DBS 5xLongSG250716 (DROW.SG)$
$DBS 5xLongUB250530 (SNVW.SG)$
$DBS MB eCW240724 (SGEW.SG)$

In the earlier posting: DBS Q4 results - why investors are liking it (for now), I said that:
Price is trading above 32.30 which is a short-term resistance level. The implication is that the price has broken out of this supply and should see a further rise towards 33.50.
$DBS Group Holdings (D05.SG)$ today is trading at 33.62 as of posting.
Let’s talk about how you can use these levels.
These are key support and resist...

$DBS Group Holdings (D05.SG)$ Reported 2023 Q4 earnings. Investors are showing that they like the higher S$0.54 dividend, 1-for-10 bonus issue (for now) with the higher traded price today that comes with a higher volume too!
Few things that I like in the latest earnings and this is shown with the stock price heading up as much as 2.91% by mid-day trading:
1. The group's net interest margin (NIM) increased by eight basis points to 2.13% for t...

Binni Ong, SGX Academy Trainer, simplifies $DBS Group Holdings (D05.SG)$ moves before and after rate hikes.  Included in the video are current $DBS Group Holdings (D05.SG)$ chart patterns and key levels for short-term trading (note DBS is reporting earnings on 7 Feb 2024).
Gain practical insights for trading, understand market expectations pre-rate cuts, and learn about the 'buy the rumors, sell the ...