𝐓𝐢𝐦𝐞 𝐭𝐨 𝐒𝐞𝐥𝐥 𝐭𝐡𝐞 𝐒𝐆 𝐁𝐚𝐧𝐤𝐬: 𝐃𝐁𝐒, 𝐎𝐂𝐁𝐂 𝐚𝐧𝐝 𝐔𝐎𝐁? (𝐌𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝟏𝟓% 𝐫𝐚𝐥𝐥𝐲 𝐢𝐧 𝟐 𝐰𝐞𝐞𝐤𝐬!)
Author: Trading Impossible | Joey Choy
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Over the past 2 weeks, we have seen a shift of funds back to the banks and stocks that were heavily hit by the crisis.
This is due to pharmaceutical companies like Pfizer and Moderna announcing that their vaccines are 90% effective. 😷
This has kind of brought some 𝐇𝐎𝐏𝐄𝐒 𝐭𝐨 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 with an eventual economic recovery.
Dow Jones has rebounded to record highs and STI rebounded from 2450 as well to 2778 now.
SG banks have rebounded by more than 15% and one even more than 20% in 2 weeks.😄
Quite a good rally seen INDEED so the question i have been getting over the past few days is:
“𝐂𝐚𝐧 𝐭𝐡𝐞𝐫𝐞 𝐛𝐞 𝐦𝐨𝐫𝐞 𝐮𝐩𝐬𝐢𝐝𝐞 𝐬𝐭𝐢𝐥𝐥? 𝐎𝐑 𝐏𝐞𝐫𝐡𝐚𝐩𝐬 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐩𝐫𝐨𝐟𝐢𝐭?” 🤞
Well, watch this video to the end as I dive into the charts into each of the 3 banks DBS, OCBC and UOB to see where we are as at 17 Nov 2020 and what is the outlook.
You want to take note on some of these levels where selling can come back.
Watch here >> https://youtu.be/KJpvToSYurM