Purchase shares of DBS, OCBC and UOB in August? Receive US

If we now have been investing in Singapore equities lengthy sufficient, we’d be acquainted with the speak that August is a seasonally weak month.

After all, there’s all the time some hope for a Nationwide Day Rally.

What about AK?

If there’s a correction, and if costs hit my goal purchase costs, I would purchase some.

Normally, Q3 is fairly good when it comes to passive earnings obtained from my funding portfolio.

So, I ought to be capable of reap the benefits of any market weak point in August.

My plan remains to be so as to add to my investments in DBS, OCBC and UOB in order that, collectively, they type 40% of my portfolio.

Wanting on the charts, I see the next helps which might be examined in case of a correction.

DBS.

At what appears to be a neckline at $31.87 per share and if that have been to interrupt, we might see $30.00 per share once more.

With DBS widespread inventory’s wealthy premium to valuation, I’m not in a rush to extend my funding in DBS.

OCBC.

We might see a niche masking at $12.45 a share and that is additionally the place many transferring averages are bunching up which ought to present a powerful assist.

If this have been to interrupt, we might see a pessimistic Mr. Market promoting right down to the subsequent hole at $12.20 per share. 

I might in all probability purchase some if that ought to occur.

UOB.

We might see $28.00 per share once more, give or take few cents.

If that have been to interrupt, we might see the share worth going so much nearer to $27.00 a share. 

That’s the place I would purchase some if it ought to occur.

I might not go in with all weapons blazing in case there ought to be excessive pessimism out there for some purpose.

With restricted sources and with This autumn being normally a weak month for me when it comes to dividends, it’s higher for me to err on the facet of warning.

Earlier than I log out, if you don’t comply with my YouTube channel, I produced a brand new video as we speak and also you is perhaps eager about watching or listening to it.

If AK can do it, so are you able to!