$DBS Group Holdings (D05.SG)$ i scare if i follow price acti...
$DBS Group Holdings (D05.SG)$ i scare if i follow price action to buy back at support, i may not be able to buy back. But daily Rsi will definitely come down to 50 1 day either by going sideway or coming down. i feel more safe to buy back then. It is not realistic for Rsi to be above 80 all the time.
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obliging Liger_8165 : What’s ur target price to buy in?
1M65 : it's all up to you. you determine your own buy-in price and responsible for your own action.
if you are concern the price will increase, buy abit first. if price drop, buy in somemore to DCA down and your average buy-in price will decrease
it's good not to depend on other people's comment as you do not know their motive.
obliging Liger_8165 1M65 : Good. I had brought in at 32.51 and 33.37. Think of another buy in at 34.
1M65 obliging Liger_8165 : bank stocks are for long term play for their dividends. do remember, whatever your buy-in price, you do have to relate to their dividends to calculate what's the returns like.
if you're able to get 5.5% and above returns then should be sufficient. but do RMB that with the dilution of shareholders W the added of newly added shares distributed to shareholders, the share price will drop slightly.
these added new shares are divided inclusive fr 2024 Q1 onwards.
hopefully aft dilution, it doesn't drop below 30.