Tuesday, April 17, 2018

DBS: Pushing higher towards target... Price 28.85

Just last week, we saw some nice actions with DBS attempting a move back above the 28.00 resistance level…

That was after the sell down seen over the past 2 weeks when DBS managed to find some support around the 100 day MA line

Some upside targets were drawn where we expected a move back to the 29.70 level which was the high last month..

See target below..

Yesterday, we have seen the temp resistance at 28.50 clear out too….

And today, seems like we are seeing more strength with DBS trading towards the 29.00 level..

That’s probably where some selling may occur again..

Target as drawn previously towards 29.70 may still be on track after that on more firm price actions

Quite a good rebound caught indeed…. Would want to protect profits upwards for now…

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See where we are now below...  ;)

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