Over the past few weeks, we have seen the US market selling off on concerns of inflation remaining high and also potentially more rate hikes…
This has also led to weakness in the SG market with the local banks selling down as well after a brief rebound seen in May.. 😢
𝐒𝐨 𝐰𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐰𝐞 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐢𝐬 𝐢𝐭 𝐚 𝐠𝐨𝐨𝐝 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐬𝐭𝐚𝐫𝐭 𝐠𝐞𝐭𝐭𝐢𝐧𝐠 𝐢𝐧 𝐨𝐧 𝐝𝐢𝐩𝐬 𝐚𝐠𝐚𝐢𝐧?
Joey here, Top Tier Remisier and Trader in Phillip Securities.
Watch this video as I do a quick analysis on the SG banks DBS, UOB and OCBC and where are the bargain hunting levels to catch any potential rebound… 😅💪
We may see some short term weakness still unfortunately…
but if you are positioning yourself for the longer term, it may actually present some opportunities..
Let’s see… 𝐭𝐚𝐤𝐞 𝐧𝐨𝐭𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐔𝐎𝐁 𝐰𝐡𝐢𝐜𝐡 𝐢𝐬 𝐤𝐞𝐲… may see further weakness if that is broken..
Watch here >> https://youtu.be/fsQpyqRt3gM