February 22, 2024

SG Banks Analysis: Can We Still See More Upside for DBS, UOB and OCBC? (New Support Found!)

Author: Trading Impossible | Joey Choy
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After rebounding from their lows last month on vaccine talks, we have seen the 3 local banks pushing almost back to pre pandemic levels. ๐Ÿฆ

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All of them have traded to new 8 month high and then some obstacles came back.

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Joey here, Top Tier Remisier in Phillip Securities.

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So is the upside really over for the banks or ๐œ๐จ๐ฎ๐ฅ๐ ๐ข๐ญ ๐ฃ๐ฎ๐ฌ๐ญ ๐›๐ž ๐ญ๐ก๐ž ๐›๐ž๐ ๐ข๐ง๐ง๐ข๐ง๐  ๐จ๐Ÿ ๐š๐ง ๐ฎ๐ฉ๐ญ๐ซ๐ž๐ง๐ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž๐ฆ? ๐Ÿ‘€

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Well, it depends if some of these key supports are holding.

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There are also some ๐›๐ฎ๐ฅ๐ฅ๐ข๐ฌ๐ก ๐ฌ๐ข๐ ๐ง๐ฌ ๐ฌ๐ž๐ž๐ง ๐Ÿ๐ซ๐จ๐ฆ ๐ญ๐ก๐ž ๐ข๐ง๐๐ข๐œ๐š๐ญ๐จ๐ซ๐ฌ which you want to note too. ๐Ÿ˜…

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Watch this video as I dive into the charts for each of them to see where we are now and also where some selling can happen again.

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You can also think about locking in some profits there given the rise we have seen over the past few weeks.

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Watch here >> https://youtu.be/JbVkLfCoOsQ

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