DBS: Did you accumulate on dips near 17.20 for a rebound?

Congrats to those who manage to lock in some positions on the cheap near support….. now at 17.37

Sent: Wednesday, September 16, 2015 10:45 AM
Subject: ****** DBS: Consolidation with range... trade the range.... price 17.47

Following up from previous call, we have seen DBS rebounded from the critical 17.20 support level back to 18.00 over the past 1 week. Still within this 17.20 to 18.00 consolidation range before we see any major move again. Those looking to accumulate on dips for a quick rebound can do so near 17.20 and take profit on a quick rebound. As long as 18.00 then 18.50 remains as the resistance for now, we can still see more weakness back to key support testing. 100 day MA line on the verge of crossing below the longer term 200 day MA which can signal a reversal in trend as mentioned all along. CFD SELL positions can be used to trade the downside with the range as it nears the key resistance level at 18.00 first with strict stop loss.

Sent: Monday, September 07, 2015 9:35 AM
Subject: ******DBS: Breaking below 17.60 support firmly as mentioned... price 17.34

As mentioned previously on the 17.60 support level, we have seen a clear breakdown and next support would be at 17.20 now then 16.65 as mentioned below. There can be more weakness below 17.20 where we can expect a temp support level for any consolidation. Those looking for a quick rebound can consider trades near key support level but take profit on any technical rebound as support levels can be broken further after each consolidation.