Stock with Momentum: DBS Group Holdings

January 9, 2024


In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we focus on DBS Group Holdings Ltd (SGX: D05), which price action suggests a possible bottoming out and could see further upside.

Here is a look at some of the key highlights of the technical report.

  • Current Market Position: DBS Group Holdings, with its last price at S$32.85, is showing bullish sentiment in the market, indicating potential for upward movement in its stock price.
  • Investment Details: For those looking to invest, the entry points are at S$32.85, S$32.00, and S$31.50. Support levels are set at S$32.06 and S$30.98, with a stop loss at S$30.80. Resistance levels to watch are S$34.18 and S$36.38.
  • Target Prices: The target prices are set at S$35.20, S$36.21, S$37.00, and S$38.10, suggesting opportunities for profit at these levels.
  • Company Overview: DBS Group Holdings Limited and its subsidiaries offer a range of financial services, including mortgage financing, lease and hire purchase financing, funds management, corporate advisory, and brokerage services. The group also serves as the primary dealer in Singapore government securities.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum

Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.

Disclaimer in the report attached

Billy Toh

Billy is deeply committed to making investment accessible and understandable to everyone, a principle that drives his engagement with the capital markets and his long-term investment strategies. He is currently the Head of Content & Investment Lead for Prosperus and a SGX Academy Trainer. His extensive experience spans roles as an economist at RHB Investment Bank, focusing on the Thailand and Philippines markets, and as a financial journalist at The Edge Malaysia. Additionally, his background includes valuable time spent in an asset management firm. Outside of finance, Billy enjoys meaningful conversations over coffee, keeps fit as a fitness enthusiast, and has a keen interest in technology.

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