Chart wise, neutral mode!
You can see many overheads resistance ahead! I think the upwards movement is limited but downside is huge!
NAV 21.85. P/B 1.5x is above the average historical price.
If you are looking to consider this counter at the current price level, do take note!
Pls dyodd.
21 December 2023( Update) : DBS Bank - Chart wise, bearish mode! I think needs patience to wait for the price patterns to stabilize and reverse before taking action to consider this counter due to nice quarterly dividend of 48 cents. While there is No guarantee that the dividend will stay at the current payout amount as it may get adjusted depending on the company earnings! Dont take for granted! Cautious mode!
High probability she may go down to test 31.00 again! Breaking down of this level plus high volume we may likely see her drifting lower towards 30.30 than 30.00 and extension to 29 and below.
Pls dyodd.
TA wise, bearish mode!...