SGX:D05 is in the crossroad, either the Triple Tops will prevail or it will be a bullish breakout. Based on the current formation, and if we combined with Supply and Demand; it is wiser to wait for Long Setup rather than Shorting it. As at today there is no LL yet and overall still Buyer in control.
Here is my personal call:
Buy Stop at $21.65 Stop Loss at $21.30 Take Profit at $23.00 Risk Reward Ratio = 3.97R
Potentially, you can buy yourself an iPhone 12 Pro Max 512Gb by end of the year, if you place 1 lot on DBS. Good Luck!
Disclaimer: The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee. As always, move your SL when you are in the profit zone.
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