DBS (technical)

DBS: technical indicators are pointed south, suggesting further near term downside. Also the cut below the 0.62 Fibo level, and the 20 & 50 day MAs, bode negatively for share px action. Keeping a negative view unless share price rebounds back above the 0.62 Fibo level ($13.82). See initial support at 0.5 Fibo level ($13.25), followed by the 200day MA, which coincides with the psychological $13 level.