DBS Sell: Target $38.60
This is not exactly a short idea for 2 reasons:
1. It is not that easy to short a Singapore stock, and
2. Singapore stocks don't really follow Elliott Waves principles because the stock market don't herd.
So this is really saying:
1. Now is not the time to buy. Wait for better prices.
2. Lighten up if you are not an investor but more of a speculator/trader.
Take note of the stop loss price. A break to new high means an extension of 5th wave although this is highly unlikely given that wave 3 (of 5) has already extended.
1. It is not that easy to short a Singapore stock, and
2. Singapore stocks don't really follow Elliott Waves principles because the stock market don't herd.
So this is really saying:
1. Now is not the time to buy. Wait for better prices.
2. Lighten up if you are not an investor but more of a speculator/trader.
Take note of the stop loss price. A break to new high means an extension of 5th wave although this is highly unlikely given that wave 3 (of 5) has already extended.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.