On Friday, DBS re-test the resistance at $11.76 and closed at $11.64 with LOW volume of 3.56 million shares traded.
A white candle sticks with short upper shadow affirms to slight profit taking.
Immediate Resistance of DBS: $11.76
Immediate Support of DBS: $10.86
Currently prices are well below by 20/50/100/200 days MA.
On 15/Dec, prices have broken the critical support at $11.76 with high volume and this is a bearish signal.
The resistance at $11.76 is expected to be strong.
We would not advise anyone to long this stock till prices recover back to above $11.76 level due to its bearishness.
On Friday, Biosensors gap up and closed at $1.41 with HIGH volume of 6.14 million shares traded.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers...
...