Couple of weeks back, there’s a little rally in the market & stock price goes up & also applies to DBS which I have been investing.
Apparently, for this month, Fed have announce there will not be any increase in the interest rate. The next Fed meeting will be 26-27th April, follow by June 14-15. Other than these 2 meetings we need to take note for the 1st part of this year, the other meeting will be the OPEC meeting on the 2th of June.
Therefore, if all these meetings goes well and without any other disturbance factors especially from China, we should be able to see further share price increase in the stock market.
Currently, DBS have break out from its 1st resistance line $15.59 including the 100 days moving average line provided if it’s sustainable for the next couple of days. Second resistance line will be $16.01.
Monitoring our investment and the market will still be require if we intend to be an investor.