DBS Bank - CPI data just released last night and is higher than the projected numbers of 2.9 percent! It came out 3.1 percent which was slightly higher abd US indexes seen the biggest fall . STI likely follow and bank may see further weakness! Do take note!
Chart wise, it may go downto test 31.63.
Next, sge may go down to revisit 31 00 again!
Pls dyodd.
22nd Nov 2023:
Chart wise, bearish mode!
She is falling faster after went Ex.dividend a few days ago, doesn't look good!
I think likely to go down to test 31.25 than 30.51 soon!
Also Fed meeting is pointing to dovish tone on interest rate.
Pls dyodd.
This morning Gap down plus dropping more than its dividend of 48 cents doesn't look good!
If 32.38 cannot hold, she may likely go down to test 31.24 than 30.24 - 30.51.
Pls dyodd.
dividend of 48 cents.
Ex.dividend 14th November.
I think likely to go further down to test 32.65 than 32.35/32.00.
Not a call to buy or sell!...