During last friday, US gov decided to charge Goldman Sach on a fraud case which caused DJI to plunge on fear on another sub-prime fallout. Will this news have an impact on our banks? Let review the charts of Singapore banks stocks. DBS Trend: Uptrend, 20ma up, MacD above 0 Support: 15.18, 14.90 (rising window [...]

Continue reading...

Trend: Uptrend, 20ma up, MacD above 0 Support: 2974 – 2985 (rising window), 2950 (20ma) Resistance: 3034, 3122 Observations: Candlestick – 2 black candles already seen forming a new high. Histogram – Just turned R after 2 G. Bearish divergence is seen. RSI – Now close to 70%. Bearish divergence is seen. Stochastic – Yet [...]

Continue reading...