Follow UP ********************* DBS: Strong breakout, Poised for more upside as new upward phase just begun only.... price 18.28

Following up from previous BUY CALL, DBS has managed to break above 17.50 convincingly, consolidated briefly below 18.10 for a few days before breaking higher today in strength. Poised for more upside to 19.00 now. Raise stop loss to 18.06. RSI and MACD looking strong still as it begins it rebound. Could be trying to reach it high seen in 2007 – 2008 above 20.00.

Sent: Tuesday, July 22, 2014 9:17 AM
Subject: Follow UP ********************* DBS: Heading towards 17.50, more upside on break of that too.... price 17.50....

Have touched and hit a high of 17.52 today. More upside can still be possible if it can close or stay above 17.50 with a target at 17.90 as mentioned previously. Watch list it still. Raise stop loss to 17.46 now.

Sent: Friday, July 18, 2014 9:38 AM
Subject: Follow UP ********************* DBS: Heading towards 17.50, more upside on break of that too.... price 17.37

DBS looks to have cleared above 17.20 convincingly, like to head to 17.50 in the coming days, can consider averaging up on this break out from 17.51 to 17.53. Raise stop loss higher to 17.48 then.  J

Sent: Thursday, July 17, 2014 9:03 AM
Subject: Follow UP ********************* DBS: Potential Breakout above 17.20, will be a positive on this breakout....... price 17.15

Seems to have crossed above the 17.20 resistance level as of now, POSITIVE IF it can stay above now or close above. More upside to the below mentioned levels.  J

Sent: Monday, July 14, 2014 4:11 PM
Subject: ********************* DBS: Potential Breakout above 17.20, will be a positive on this breakout....... price 17.15

DBS could be on its way to 17.50 then 17.90 if it manages to break upwards above 17.20 in the coming days or weeks. Could play catch up to UOB which have surged up last week to a new recent high. Currently, there are huge sellers stacked at the psychological 17.20 level but after it’s a breeze. Have been trading below this resistance for more than 2 months already. Coincidentally, this level also is the resistance formed by the downtrend channel line since May last year so and breakout above it can suggest a reversal too. Can consider averaging up from 17.21 to 17.23 on the breakout with stop loss at 17.16. Current support would be at 16.90 then 16.70 firmly.