Support at 16.00 – 16.10 for now…… good to accumulate?
Sent: Wednesday, September 23, 2015 9:33 AM
Subject: ***** DBS: Breakdown below 17.20 support can see more weakness before a temp rebound again...
Subject: ***** DBS: Breakdown below 17.20 support can see more weakness before a temp rebound again...
DBS has broken below the 17.20 level that we have mentioned all along as the key support to stem any downside. May find a temp support at the 17.00 level then 16.65. There can still be more downside if the 17.00 clears out as well. Those looking to accumulate on dips can do so again near 16.65 for any quick rebound but be nimble as downtrend still intact in the mid to long term with a crossing of the 100 day MA line below the longer term 200 DAY MA…
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