DBS Group Holdings (SGX: D05) last report on 10th December 2020 has met our price target of $27.10 and the head and shoulder has been invalidated on 17th Feb 2021 after prices remain above the neckline resistance. To add on further, we have re-evaluated the wave count and decided to switch to the motive 5-wave count instead of the double three corrective waves. Although 161.8% expansion level of wave (1) and (2) has yet to be met. Technical and price action also indicate further bullish upside:
*Timeline of the trade is 4 weeks from the date issued.
Moving Average (Exponential)
Red dotted line = 200 Periods Moving Average
Blue dotted line = 50 Periods Moving Average
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