DBS has formed a Double Tops formation and the neckline at $13.70 has broken. If this Double Tops breakdown is successful, the price target is $12.00.
Things to watch out for a successful breakdown in the next few days:
- DBS is unable to break the 200D and 20D MA, plus the neckline.
- The neckline will then turn support into resistance.
- DBS breaks another support at $13.33.