Wednesday, 3 January 2018
Strongest Banks that are on 1000 cans of RedBull within some of the Strongest Sectors of International Financial Markets: 3 January 2018, Wednesday, 11.49pm Singapore Time
Strongest Banks that are on 1000 cans of RedBull within some of the Strongest Sectors of International Financial Markets:
3 January 2018, Wednesday, 11.49pm Singapore Time
(Click on Relativity Chart above to Expand)
Attached above is the Technicals of the Past Half-Year Trending Relativity of the top 3 banks in Singapore and the top 4 banks in the US in terms of market capitalisation. The SPDR Financial Select Sector Index is used as the bench-marking. The litmus result yields the finest breed horse from among the best of the best among some of the strongest sectors internationally (financial sector).
With business momentum and trend as the best friends, the Development Bank of Singapore (SGX: DBS) and Bank of America (NYSE: BAC) came up tops in the short-mid term. Both are also performing far superior compared to the industry.
If one is a Singaporean investor with appetite for international exposure, then DBS Bank and Bank of America represent finest breed horse which are likely to be hard to fall and possess strong legs to run up smoothly without much resistance for 2018.
DNA Technical Rating:
Continue to be Very Bullish