DBS Short and Medium Term View - 29 Sept 2023
DBS Longer Term (reference weekly chart)
- RSI above 50 (note the "possible" negative divergence)
- A break of the RSI divergence will probably coincide with DBS going to 36.40 for the full cup formation
- Will probably remain the range 30+ to 36+
- A break of 36+ will probably need something significant as a catalyst
- I will accumulate further at MA50 (green) around 32+
- RSI above 50 (note the "possible" negative divergence)
- A break of the RSI divergence will probably coincide with DBS going to 36.40 for the full cup formation
- Will probably remain the range 30+ to 36+
- A break of 36+ will probably need something significant as a catalyst
- I will accumulate further at MA50 (green) around 32+
DBS Shorter Term (reference daily chart)
- RSI remains above 50 but also has some form of negative divergence
- RSI has room to go to reach RSI trend line
- Near term target 35.16 remains possible with 36.40 being a stretch
- I like accumulation around 32.71
- RSI remains above 50 but also has some form of negative divergence
- RSI has room to go to reach RSI trend line
- Near term target 35.16 remains possible with 36.40 being a stretch
- I like accumulation around 32.71
Quite consistent. Continuing with my accumulation drive of 100 shares at a time.
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