Dear readers, DBS stock price retreated by 1.4% to close at $20.06. While the daily movement of DBS stock may not be significant, to a technical chart analyst, there can be some insights drawn from the technical charts of DBS stock.

For example, looking at the moving averages of DBS stock, we can see that the 20-days-moving-average of the stock has gone below the 50-days-moving-average. Is that significant? You may ask? Well, the previous same occurrence has occurred in Aug 2016, for which DBS stock managed to rebounce. Will DBS bounce back once again after the dip in price in recent trading sessions?

What is noteworthy is that for the first time this year, DBS stock price which has been on a rally has closed below its 100-days-moving-average.We should see whether DBS stock price will head north or go to its 200-days-moving-averages support level. Join the emailing …