On Monday, DBS re-test the resistance at $14 and closed at $13.99 with HIGH volume of 4.082 million shares traded.
A hanging man occurred (a hanging man has a very long lower shadow and a small real body). This pattern can be bullish or bearish, depending on the trend. If it occurs during an uptrend, it is called a hanging man line and signifies a reversal top. If it occurs during a downtrend it is called a bullish hammer.
RSI & MACD are bullish as RSI trend upwards.
Immediate Resistance of DBS: $14
Immediate Support of DBS: $13.79
Currently prices are supported by 50 days MA at $13.79.
Today prices have re-test the resistance at $14 with high volume but failed to break out. The hanging man candle stick has formed instead. This is a bearish signal
The resistance at $14 is expected ...
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