DBS has broken out from the Falling Wedge and heading towards price target of $14.60. Technically DBS will be bullish if the stock price can stay above $14.20 (61.8% FR) support. 200D SMA support is at about $14.10. Too late to chase the price now if want to invest in DBS. Wait for pull back to $14.20 for better entry point.
- Post author:Marubozu
- Post published:December 1, 2012
- Post category:DBS Bank
- Post comments:0 Comments
Tags: Falling Wedge