Monday, June 1, 2020

Another 1k DBS

Bought another 1k of DBS CFD
Price is at $19.68
Which I think it fair considering the long term
I am more afraid of the share suddenly surging
and breaking the resistance line at $20.
now I can only hope that it does not go to $17.5
if not, I will lose $4k SGD

Some thoughts about why I bought
US banks have rallied, and Singapore banks may follow soon
SnP 500 do not look like slowing down
and broke another resistant zone recently.
Singapore REITs surged last Friday
and I was afraid they will turn attention to bank stocks soon
as DBS price below $20 is really very good

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