Thursday, January 28, 2016

DBS: Break down to new recent low again..... where is the next support..... price 13.64

Seems weak again with the 13.80 support failing to hold again as mentioned….. rebounded from our first 13.50 support today…. Let’s see….

Sent: Tuesday, January 26, 2016 11:12 AM
Subject: *********** DBS: Consolidation at a lower range.... price 13.90
DBS has staged a strong rebound yesterday but the bears came back and took control again with it approaching the 14.50 resistance level for now. We can still see some more downside in the near term as long as this is a resistance with a temp support found at 13.80 over the past week. Moving averages are still sloping lower with downtrend intact. Breaking below 13.80 can see it trade to 13.50 then 13.00 so still be cautious any long positions. CFD SELL positions can be used on any rebound near 14.50 to ride the retracement back down.

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