CORRESPONDENCE COURSES
𝐒𝐆 𝐁𝐚𝐧𝐤𝐬 – 𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐁𝐚𝐜𝐤 𝐃𝐨𝐰𝐧 𝐀𝐠𝐚𝐢𝐧! 𝐍𝐨𝐰 𝐖𝐡𝐚𝐭? (𝐎𝐂𝐁𝐂, 𝐔𝐎𝐁, 𝐃𝐁𝐒)
Author: Trading Impossible | Joey Choy
Go to Source
About a month back, I shared a video on our SG Banks (OCBC, UOB, DBS) and how they suffered selling of more than 5% in just 1 day due to a specific news and why.. 😢
They were then approaching some of the key support levels where a 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐫𝐞𝐛𝐨𝐮𝐧𝐝 was possible..
I highlighted these levels too and it seems like bargain hunting returned! 👍
Hey Guys, Joey here, Top Tier Remisier in Phillip Securities.
The thing is they rebounded 𝐁𝐔𝐓 𝐒𝐄𝐋𝐋𝐄𝐑𝐒 came back too.. 🤦
As mentioned in the previous video, trend was still down in the mid to long terms and hence,
𝐚𝐧𝐲 𝐬𝐭𝐫𝐞𝐧𝐠𝐭𝐡 had the potential to be met with profit taking..
Check out this video recorded 30 Aug 2020 to see where we are now and, ⏩⏩
IF there can be an opportunity to 𝐀𝐂𝐂𝐔𝐌𝐔𝐋𝐀𝐓𝐄 𝐎𝐍 𝐃𝐈𝐏𝐒 again as we approach some of the KEY support levels for OCBC, UOB and DBS..
More importantly, if you do lock in some long positions, 😅
Then WHERE are the levels whereby you can also think about taking some money off the table.. and why you want to do that in the coming months at least… ️🎯️🎯