DBS (technical)

DBS: Trading Central notes the stock remains on the upside, backed by a rising trend line, which has played as a key support since June 2013. Furthermore, the ascending 20-day and 50-day moving averages suggest that the stock still has potential for a rise. In addition, the RSI indicator is bullish, and calls for further advance. As long as $16.5 holds on the downside, the house sees a continuation of the rebound to $17.55, and even to $17.9 in extension.