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Stock Chart: DBS!
By Dou  •  April 30, 2012

On Monday, DBS re-test the resistance at $14 and closed at $13.96 with HIGH volume of   8.86 million shares traded.

During the past 10 bars, there have been 5 white candles and 5 black candles.  During the past 50 bars, there have been 19 white candles and 27 black candles for a net of 8 black candles.

RSI & MACD are bullish as RSI trend upwards.

Immediate Resistance of DBS: $14

Immediate Support of DBS: $13.19

Currently prices are supported by 100/200 days MA at $13.19.

On 11/Apr, prices re-test the critical 100/200 days MA support and rebound strongly.

In fact, prices re-test the critical resistance at $14 with high volume affirms to the bullishness of the DBS.

More rally can be expected if $14 resistance can be breached with high volume.

Stock Chart: DBS! is contributed by : Singapore Stock Information Exchange

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By Dou
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