Analysis Forecast:
Expectations of Breaking 3-year High Towards S$33.00 area
Analysis is For:
SG Market
Position Trading (Momentum)
Single Stock Tactical Allocation
Supporting Technical Observations:
1. Price is developing bullish character
2. Fund Flow Index (FFI) improving
3. Performing relatively stronger than STI (market index)
4. Developing Bullish Character
Stop Loss
If DBS breaks below S$29.45, expect further mark down