DBS (technical)

DBS: Trading Central notes the stock has rebounded strongly last wk from the support at its 50 day moving avg, as well as a medium term rising trend line since Oct '12. The continued marking of new YTD highs, as well as daily RSI displaying strong upward momentum suggests as long as $15.50 (short term technical support) is not broken, there could be further advances to $16.55 and $17.10 in extension.