Tuesday, September 8, 2015

DBS: Heading towards our next target after the breakdown of key support......

Let’s see if 17.20 support holds too…. Now at 17.28

Sent: Friday, 4 September, 2015 9:13 AM
Subject: *******DBS: Breaking below 17.60 support not a good sign.... price 17.55
DBS has kind of breached below the 17.60 support level that it has consolidated above for about 2 week. This is a sign of a new recent low hit again which can signal some selling pressure. There can be more downside to 17.20 then 16.65 as mentioned if if were to stay below 17.60 now. Technical indicators still looking with weak  and trending downwards with MACD still a negative. Those looking to accumulate can consider near the next support levels for any rebound if it dips again.

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