Development Bank of Singapore (DBS): Forming a Symmetrical Triangle

DBS  is currently forming a Symmetrical Triangle and currently just trading below the 200D MA. DBS was unable to break the previous resistance of $15.28 on two occasions. Breaking down this symmetrical triangle will send DBS share price to $12.30. Downside risk is much higher than upside potential as this is not the stock to go long at the moment.

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