DBS (technical)

DBS: Trading Central notes the shares remain in a solid recovery mode, and are well supported by its 20day Moving average, which has clearly turned up. RSI stands above the neutral 50 level, which calls for a new bounce. As long as $16.20 is not broken, look for a continuation of the rebound to challenge $17.90 (May 2013 top) first , followed by $18.70 in extension.