There are two schools in predicting the market direction. 1) technical analysis, 2) fundamental analysis.
Technical analysis study the price movement of a security and uses this data to predict its future price changes. Fundamental analysis, on the other hand, study the economic factors.
No Right No Wrong
Either technical analysis or fundamental analysis both are right and also wrong. No one can take profit all the time.
Can you guess where the market is going for the next six months? So, is 2016 a good year or bad year?
Now let study DBS stock and predict the market. Since Swiber episode has brought everyone focus on DBS. Is picture worth a thousand words?
DBS Group Holdings Limited Stock Chart
Fundamentally, with Swiber and oil and oil related industry has worry the market. However, what if the oil supply and demand changes, the situation will be different. No one can read the future, as no one can control the nature.
Technical analysis, will the price travel between the two horizontal lines. Will see.
August 17, 2016 DBS Group Holdings D05 Daily Chart
Moses Stock Analysis
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