DBS (technical)

DBS: Trading Central notes the downside breakout of a rising channel has already triggered a bearish reversal . Further downsides are more likely to occur to at least $15.2 (June 2013's low). Besides, the RSI favours further decline. Meanwhile the declining 20-day and 50-day SMAs should maintain selling pressure. As long as $16.4 is not surpassed, look for a return to $15.2 and $14.9 in extension