Swing: $26 easily achievable with potential for further upside

27 февр. 2019 г.

After a period of consolidation at $24.30 level, DBS has moved further in line with the bullish sentiment. Price has closed above both the 50D and 200D MA which spells potential further up-move ahead. It is currently sitting at prior support turned resistance zone. Should price stay above $25.19, we can see the next target at $26.06 before the next level of resistance at $29. A break below $24.30 will invalidate our analysis.

Best Regards,
Nour Capital - Tracking Smart Money Flow

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4 апр. 2019 г.

Заметка

As per our analysis, DBS has hit the first target level at $26.06. Strong bull expecting DBS to climb higher to next resistance zone at $29 but it will not be as straight forward unless coupled with good data coming from the US and China trade deal.