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This website uses powerful charting software AmiBroker for charting and indicators.
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Many of the answer are the additional lines and comments on the chart. See chart for more information.
Singapore Stock DBS Group Holdings Ltd Analysis
Scenario 1: A View from 2014 DBS Bank
From the chart, the price action look as if going to touch the significant level again. If it fails the next level will be further south. Trade what you see and not what you think.
Remember all setup can fail.
August 21, 2015 DBS Group Holdings
Scenario 2: A Closed Up View DBS Group Holdings
The stock has been on an uptrend, the price action has been supported by support. Now the price action is break out of ‘neckline’. The price action has broken down the next support too. In order the falling knife to stop, unless the price action retrace back to River and crosses up River.
August 21, 2015 DBS Bank
Thank you for visiting the website. Have fun!
You can read more about River on Raghee Horner Strategy.
Read from ForexFactory.com.
Moses
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