Thursday, January 21, 2016

DBS: Bears still in control again with a new low as per calls issued.....

New multiyear low for DBS again with support at 14.00 breaking down as mentioned.... where to now? price 13.94

Sent: Wednesday, January 20, 2016 9:25 AM
Subject: ************ DBS: May have found some support at 14.00 for now, but still bearish below 14.60 - 15.00 now. price 14.33
Following up from previous sell call, we have indeed seen the 15.00 break through completely and it heading to our target at 14.00 before a temp technical rebound. Longer term trend still down with it having find some support at the 14.00. Those who have shorted when it broke below 15.00 support can consider covering back some as it approaches 14.00 if you haven’t yet done so. Range would now be from 14.00 to 14.60 where it may consolidate awhile after the huge sell down seen over the past 2 months. As long as 15.00 remains as the near term resistance, we are still bearish with more short term downside likely. Those looking to catch the rebound can scale some long positions near 14.00 with stop loss below. With 14.00 breaking down again, we can expect more weakness to 13.40 then 13.00.

Sent: Thursday, January 14, 2016 9:30 AM
Subject: ************* DBS: Support at 15.00 did not hold either, more weakness likely below still, price 14.92
Following up from previous sell call, we have seen DBS hit our target at 15.00 and today it has even break below on strong selling volume. Short term bearish with 15.00 as the resistance now still. We can expect a trade lower towards 14.30 then 14.00 if 15.00 were to hold as the new resistance now. Longer term trend still clearly downwards with it breakdown to multiyear lows on each minor consolidation. Not a good sign. CFD SELL positions can be used to ride the weakness further below 15.00 now while lower buy stop loss to protect profits. MACD sloping lower still on today’s price action more aggressively as momentum increases

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