A month ago, after the Russia Ukraine war started, we saw heavy selling in the SG banks..

 

There seems to be no end with the banks selling down by more than 10% in a few days.

 

At the beginning of March, I did a video sharing about some of those really attractive levels whereby one can start positioning for any reversal in DBS, UOB and OCBC.

 

We were slowly heading towards those higher probability zones for entry..

 

So where are we now and what has happened thus far? Is it time to get out after the massive rebound and what steps should you take?

 

 

Joey here, Top Tier Remisier and Trader in Phillip Securities

 

Well, thankfully, we have seen quite a good recovery from the SG banks leading to strength in the market with fears of a full blown war subsiding..

 

There are also talks by the Fed to potentially hike rate more aggressively this year which can be a positive for the banks.

 

That was one of the key reasons why the banks rallied from Dec last year till Feb 2022 where the war started.

 

Let’s check out how the 3 SG banks are doing from the charts >> https://youtu.be/F_QTAOOQwwk

 

 

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