
When Bollingers are tight, can we expect a wild move?
This counter has been trading in a very narrow band for a long time
Bollinger bands very tight also. Given the bearish sentiment in banking stocks, better to be cautious with this counter.
Patient is the key word....
Anything is possible now
Why not possible.. i didnt even imagine before DBS will go beyond 8 now. This road is recovery is long long...
That's not impossible... and I think it is much believable now...
But first, there's bound to be a few rallies to satisfy the optimists...

wait for another 20% drop.....
$7.95x80%=$6.36.... that's the target
It may or may not be treated as a rebound,
but saucer chart patterns often show 'handles' developing in the opposite direction of the trend before making a decisive move...

so today is very much of technical rebound??
iPunter ( Date: 21-Feb-2009 09:47) Posted:
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This counter shows an 'inverted saucer' formation chart pattern...
It's not a bullish sign for the technicians...
Now DJ at 6 yr's low. What STI next Mon?
Break the $8 level ....hmmm
Crucial support level will be tested tomorrow ....
DBS CEO afflicted with same disease as Ken Watanabe (of The Last Samurai fame) -- www.nextinsight.com.sg
Heard CEO has leukemia
What's this? DBS has halted trading? Anyone has any idea what's going on?
Now, it is at 8.38 while STI is at 1685.23. It was at yr low of 8.87 while STI was at 1472.77.
If u ar not sure d bottom, then buying now may make good feeling as looking d above. Still needs to consider its a heavy $ stuff.
Read, See n Feel more b4 u make d final answer,at current market sentiment. AK view only.
winsontkl ( Date: 25-Jan-2009 13:36) Posted:
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long term outlook after the budget???
From CIMB:
Maintain Underperform; target price adjusted for rights issue.
0.8x P/BV valuation target, deriving a post-rights target price of S$8.82 or current
cum-rights target price of S$10.60. Our target price has been lowered from S$11.36
to S$10.60, taking into account the recapitalisation and dilution effects. After
persistent underperformance, upside for DBS is now slightly better than for its
peers. While the rights issue and DBS’s underperformance have made us more
positive on its share price in the short term, we believe that credit-cycle concerns
make it difficult to sustain any outperformance and opt to retain our Underperform.
Ha ha, good deal! Bonus issue, for 5 fr each 77 of AK Pte Ltd. XB temp fixes on 30 Mar 2033.
Nonetheless, very much tks for the compliment, esp with d current market mood.
lookcc ( Date: 29-Dec-2008 23:08) Posted:
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