Wednesday, February 3, 2016

DBS: A breakdown below the 13.50 level as mentioned, now at 13.21

Where should take some profit from the downside? Let’s see…

Sent: Thursday, January 28, 2016 9:21 AM
Subject: **************** DBS: Break down to new recent low again, may see some support at 13.50....
As mentioned in previous call, it seems that the temp support at 13.80 did not hold and yes, we are back down to the 13.50 support level which would provide some relief for now. Looks set to head towards the 13.00 psychological support which was holding well in June 2012 more than 3 years ago if it were to break below 13.50 again. Trend still looks with 20 DAY MA line pulling further away from the 2 longer term moving averages. Lower buy stop loss for any cfd sell positions to protect profits.

No comments:

Post a Comment