Friday, June 7, 2013

DBS (technical)

DBS: Trading Central notes the short term outlook has changed to a bearish one, as the stock has just broken below its key ascending trend line, which remained as a strong support since mid - Nov '12. RSI has broken through the rising support as well. With the 20 day moving average turning down, this calls for a new pullback toward $15.50 and $14.75 in extension.

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