To The Moon

$DBS(D05.SI)$ move today follows reports that DBS Private Bank is seeking local regulatory approval in Hong Kong to offer discretionary portfolio management (DPM) services—it is pursuing a licence, not announcing one that has already been granted.

Pattern & price action

• Triangle/pennant formed just above the S$50 breakout line, then strong upside breakout with a wide candle.

• S$50 now key support (prior ceiling turned floor).

• Momentum expansion aligns with trend continuation risk-reward.

Project price level

• Earlier in this article https://ttm.financial/post/465013253341256, I wrote that DBS completed a cup-and-handle with a measured target ~S$57.60.

• Today’s push out of the triangle keeps that S$57–58 roadmap in play while S$50 holds.

Levels to watch

• Support: S$50 (primary), then S$48.5–49 (gap/nearby swing).

• Resistance/targets: S$54–55 (near-term extension), S$57–58 (measured objective).

Using DLCs for short-term trading

• Long DLCs: A long DLC ( $DBS 5xLongSG251023(QARW.SI)$ ) will benefit if DBS continues its upward move. Traders may observe intraday retests around the S$50–51 area or a breakout above recent highs with volume as possible reference points.

• Short DLCs / hedging: A short DLC ( $DBS 5xShortSG261217(SZWW.SI)$ ) will benefit if DBS turns lower. This instrument may be suitable as a hedge if the price closes under S$50, with potential downside reference levels near S$48–49, while keeping a core shareholding intact.

• Important note: DLCs are leveraged, short-term instruments with daily compounding effects. They can result in a full loss of the invested capital. Investors should also take into account bid-ask spreads, volatility, and trade sizing.

Hit the follow button to stay updated! I post valuable trading and investing insights every week—don’t miss out on being the first to know!

For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook 

Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.