DBS Group - local number one bank counter will it rally come Monday with rate likely pause in Sept!
After XD, she has corrected lowered and went down to test 32.48 and then bouncing off to close higher at 33.300 a nice rebound indeed! Will it continue to rise up further as rate hike might be paused for Sept. Let's monitor and see how the market react! Please dyodd. Today close at 33.29 looks rather weak and may likely go further down to test 32.26 than 32.00. Breaking down of 32.00 plus high volume we may see her drifting lower to 31.00 than 30.00. Please dyodd. Chart wise, there are major overheads resistance and I think is good time to secure the profit. The recent selling by the chief of about 100,000 share at about 34+ looks like it has trading at peak level. After XD, price may go down to test 32.88 than 32.28. Not a call to buy or sell! Pls dyodd. Locked in kopi lui at 24.23. Please dyodd. Impressive set of financial numbers for 2nd quarter 2023. Net profit increase 48% to a record earnings of 2.69b as total net income crosses 5b. Declared interim dividend of 0 48.