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DBS Group Holdings Limited Stock Analysis
21 MA just go under 50 MA, and the price action remain above MAs. MAs act as support for the price action; fulfill one condition for buy trade. candlestick has also completed bullish chart pattern; morning star. Wow, the conditions are met for buy trade. But the last candlestick is a Doji, undecided. Trade with caution, and remember experience tell us the orange resistance may be a significant level to prevent the price to move north.
Have fun!
June 22, 2015 DBS Group Holdings Ltd
Trade Strategy
Our believe is Buy when price action bounce above MA, sell when price rejected by MA. Only enter buy after price is near support and completed bullish chart pattern (candlestick), or sell when the price is near resistant and price action completed bearish chart pattern.
The conditions are favourable for buy trade. Be aware the last candlestick is doji.
You can read about other Singapore Stocks scan in this website.
Thanks for visiting the website.
Moses
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