$FTSE Singapore Straits Time Index (.STI.SG)$ big cap playin...
$FTSE Singapore Straits Time Index(.STI.SG$ big cap playing gap up ![]()
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Earlier posted a note here on big cap leading the rally this round, now waiting for mid cap stock setup.
$DBS Group Holdings(D05.SG$ nice surprise with the mornin gap up, keep goin ![]()
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$Keppel(BN4.SG$ 👀 potential bo bull flag. This stock has been under accumulation for a long period of time as shown by the big cup with handle ☕️ pattern, its now undergoing 1st natutal reaction and waiting for next bounce. Hope it goes this time!
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80% technical 20% fundamental.
A momentum swing trader and follower of Jesse Livermore, Bill O’Neil and Mark Minervini
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Midori : Surprised that this is going up despite the Fed's strengthened commitment to rate cuts.... I wonder why? Any sifus can comment for my learning? Thanks
Momentum TraderOP Midori: I read less news and become profitable trader.
We are not expert in interpreting news, even the experts can get it so wrong. I just follow price actions that’s what the market and smart money are doing.
dydxequalszero : In my opinion, be very cautious when prices are trending up like this. Buying in now will mean prices have to keep going up in order to make any profits.
Don’t be the next person that says: “I bought in at 35.xx and now the price is 32.xx, how long must I wait to make a profit?”
Be patient, the price will come down. This is DBS and not some AI company. DBS profits won’t suddenly jump to 15 billion from the current 10 billion. There’s no reason to pay such a premium.
Just my word of advice for those who just got their bonus and are thinking of entering the market. I hold DBS shares and am happy that the price is shooting up but now’s not the time to buy.
Momentum TraderOP dydxequalszero: In fact I’m looking to peel some for a quick swing profit since bought from Bo pivot.
Midori : Well said... I think the fall may be quite substantial ex dividend, made worse by the dilution of 10 to 1. I opened a position just abt a year ago at around 29/30. Tempted to sell some now for a small profit and perhaps buy again when there's a reversal....
Momentum TraderOP : $DBS Group Holdings (D05.SG)$ Look extended now from the MAs after morning gap up and prone to pullback soon.