Bought DBS (D05.SI) at 15.76

Stop loss at 15.42
Risk is 34 cents

Some may recognise this setup as buying on a dip in an uptrend.
Others may feel that the uptrend line is broken, and there may be further downside.
Yet some may see a potential miniature head and shoulders forming.

I see all of the above and I also see a false break of the uptrend. Recently I like to trade on false breaks because then most of the shorts will get caught and they will have to buy back their shares, thus pushing up the price.

And fundamentally, I feel most market participants are not buying yet. They are still waiting for a correction in STI. Well, I see a correction in DBS and I see DOW and STI edging upwards to break resistance. People are now uncertain about gold, the once safe haven. They are also jittery about the stock market, what with the news of bombs and explosions and earthquakes. Hence it seems reasonable to me that there will be further bullish price action.

Once again, risk small.