Technical Analysis
DBS – Short Position Update
By FinancialVeracity  •  August 30, 2020
As S&P500 recovers to its all time high, majority of macro sentiments seems to have changed to a positive one. Nonetheless i’m still holding on to my short position with DBS, as it retest structure. Summary (on my short): I’ve decided to short DBS with the idea that loan repayments will be an issue and stock’s price action have been trading bearishly. The reason on why I held on to my position was mainly due to the fact that OCBC and UOB had a recent huge sell-off (volume graph) and DBS have yet to reflect similar actions. Daily I would love to see price break off $19 with a strong parabolic candlestick, which will make the call towards $16.63 alot easier. Sorry for the lack of updates as I’ve been posting alot more on my patreon page and also, studying alot more on crypto! p.s you can support my work...
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By FinancialVeracity
24 and on a constant lookout to improve my financial literacy in order to achieve “Financial Independence”. The sole purpose of writing this blog is to give whatever little financial knowledge I have to everyone.
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