Shares & Derivatives
Stock Chart: DBS, Genting SP!
By Dou  •  June 4, 2011

On Friday, DBS re-test the support at $14.80 and closed at $14.90 with HIGH volume of 6.37 million shares traded.

A flat candle stick with long upper/lower shadow indicates the indecision of the investors on the trend ahead.

RSI & MACD are bullish as RSI trend upwards.

Immediate Resistance of DBS: $14.94

Immediate Support of DBS: $14.80

Currently prices are supported by 20/50/100 days MA at $14.80

DBS under heavy trading volume as bulls and bears fight viciously on Friday.

The critical support at $14.80 remains strong as prices closed above it.

As the resistance at $15.18 is very strong and expect profit taking near level, we would not advise to buy now since there are little meat left.


On Friday, Genting SP re-test the resistance at $2.02 and closed at $1.99 with HIGH volume of 95.09 million shares ...

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By Dou
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