DBS (technical)

DBS: Trading Central notes the downside breakout of a rising channel should trigger a bearish reversal, and calls for a new pullback to $15.8 and then to $15.2 (Jun 2013's low). Besides, the RSI favours further decline. Moreover, a bearish cross has been identified between the 20-day and 50-day SMAs. " As long as $17.4 is not surpassed, further decline is more likely to occur to $15.8 and $15.2 in extension.