As S&P500 recovers to its all time high, majority of macro sentiments seems to have changed to a positive one. Nonetheless i’m still holding on to my short position with DBS, as it retest structure.
Summary (on my short):
I’ve decided to short DBS with the idea that loan repayments will be an issue and stock’s price action have been trading bearishly.
The reason on why I held on to my position was mainly due to the fact that OCBC and UOB had a recent huge sell-off (volume graph) and DBS have yet to reflect similar actions.
I would love to see price break off $19 with a strong parabolic candlestick, which will make the call towards $16.63 alot easier.
Sorry for the lack of updates as I’ve been posting alot more on my patreon page and also, studying alot more on crypto!
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