DBS – To Follow Weakening Concerns from US Banks?

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<a href="https://www.smartkarma.com/entities/dbs-group-holdings-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:22:1">DBS Group Holdings (DBS SP)</a> has formed a micro bull wedge within the larger degree triangle that has taken shape since the April high. This triangle is defined by resistance at 25.50 and pivot support at 24.00 with a powerful move to follow on a breakout (we favor a bullish resolution).Buy volumes have started to pick up (underlying positive) and shows accumulation is taking place.MACD bullish triangulation stands out as the primary driver for a fresh bull phase (one of the more powerful technical set ups).24 is the macro pivot support to work with and the bull/bear line. Below this pivot would be negative, holding it bullish.

DBS Group Holdings (DBS SP) has formed a micro bull wedge within the larger degree triangle that has taken shape since the April high. This triangle is defined by resistance at 25.50 and pivot support at 24.00 with a powerful move to follow on a breakout (we favor a bullish resolution).Buy volumes have started to pick up (underlying positive) and shows accumulation is taking place.MACD bullish triangulation stands out as the primary driver for a fresh bull phase (one of the more powerful technical set ups).24 is the macro pivot support to work with and the bull/bear line. Below this pivot would be negative, holding it bullish.

DBS Dual Bull Formations with Well Defined Risk Level