$DBS(D05.SI)$ move today follows reports that DBS Private Bank is seeking local regulatory approval in Hong Kong to offer discretionary portfolio management (DPM) services—it is pursuing a licence, not announcing one that has already been granted. Pattern & price action Triangle/pennant formed just above the S$50 breakout line, then strong upside breakout with a wide candle. S$50 now key support (prior ceiling turned floor). Momentum expansion aligns with trend continuation risk-reward. Project price level Earlier in this article https://ttm.financial/post/465013253341256, I wrote that DBS completed a cup-and-handle with a measured target ~S$57.60. Today’s push out of the triangle keeps that S$57–58 roadmap in play while S$50 holds. Levels t
DBS & STI ATH: JPMorgan Sees STI Charging Toward 5,000?
DBS reaches new peak of S$52.87, as STI soars to record high of 4,355.84 points JPMorgan has bullish STI target of up to 5,000 by year’s end, cites declining interest rates and Republic’s S$5 billion market development programme. DBS Group surpasses Sea to become the most-valuable listed company in Southeast Asia once again. -------- 1. Is there any reason not to buy DBS? Will it hit $60 this year? 2. Are you bullish on STI hitting 5000? 3. Sea or DBS: Your choice would be? 4. Who may follow the new high trend?
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