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All Markets like US, European Mkts had rebounded quite a lot from the selldown few days back with the exception of HK and Chinese Mkts.. see what will happen when they re-open..
European Markets up strongly above 1.4%% , DAX up 1.5%, FTSE 1.4% and CAC 1.2%.. Dow futures also up 56 points now.. not bad!
Just now it was bought up to 17.77 before easing back to 17.72.. as long as keep to cut loss level.. can manage without fear.
Immortal ( Date: 03-Sep-2015 15:07) Posted:
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Will it be a bounce then a major fall again....
This am, sold off at 17.83 and now on Q at 17.60 and below to buy back some.. Find it safer to trade DBS rather than those pennies which may suddenly undergo suspension and consolidation.. Huat ahh.
Morning gains by Dbs due to euphoria from the sharp gain on Wall Street overnight had been erased by profit taking plus shorting, now unchanged at Bid 17.61, Ask 17.62 after hitting a day high of 17.85 on Vol of 1.659M.
Dow was up 293 points and data such as Jobs. etc, 3.7% growth figures are all pointing to a strong and growing economy.. experts are saying now that the market is repricing the risks of slower growth in China and most importantly is that the US Bull Market is still continuing.. recent happenings are just viewed as correction... no signs of recession or banking crisis like what happened in 2007/2008 so there are chances for investors to hop on the wagon to collect sold down shares.
Expect a strong technical rebound for DBS and should trade back to above 18.00..
Dow up 120 points now and major European markets firmer by 0.3 to 0.47%.. so if Dow can close firm tonight, then tmr we can see a bounce for DBS as it had been sold down for past few days...
How long will DBS go before a meaningful rebound
SSE and HSI are very volatile today like rollercoaster. After becoming positive, both indices corrected and now SSE is down 29 points n HSI down 169 points... there' s more action later I think.
HK Shares rebounding strongly! HSI going up to positive now after recovering more than 450 points loss this morning!
HSI futures up 194 and Dow futures up 164!
DBS correlate closely to CHinese Mkts and now up strongly to 17.88!
I got a feeling that Chinese pension funds will start their buying this afternoon as tmr is their Big celebrations and two days of holidays... so how can the Garmen lose face?
HK stocks will follow when A shares go up strongly...
Technical rebound for DBS after being sold down for past few days as Dow futures showing plus 112 points. Day low at 17.56 and now Bid at 17.74 Ask 17.75.
8cents for such heavy weight? ( minus ur brokerage?)
hlfoo2010 ( Date: 02-Sep-2015 09:58) Posted:
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17.62 -----> 16.7 less ?????
Since the last low for the year, DBS has gapped up somewhat and now down again. The market in which it operates are all very negative - Singapore, China, S E Asia and now Australia. What is its future?
niteowl68 ( Date: 01-Sep-2015 17:33) Posted:
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But this morning OCBC analyst said can come down to $ 17.11 sell leh...
niteowl68 ( Date: 01-Sep-2015 17:33) Posted:
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Weak close near the low at 17.47. If Dow close down sharply tonight, DbS will sell down again tmr so we can watch for entry price over the week. No hurry..
Still on downward trend as long as 17.6 resistance is not broken. Suggest to wait a while if you going to long this.
NQVU2003 ( Date: 01-Sep-2015 16:17) Posted:
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I don' t think so. The downward momentum is still strong. It' s very risky trying to catch a falling knife.
bin98258 ( Date: 01-Sep-2015 15:45) Posted:
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