Update : DBS Bank - Chart wise, bearish mode! I think needs patience to wait for the price patterns to stabilize and reverse before taking action to consider this counter due to nice quarterly dividend of 48 cents. While there is No guarantee that the dividend will stay at the current payout amount as it may get adjusted depending on the company earnings! Dont take for granted! Cautious mode!
High probability she may go down to test 31.00 again! Breaking down of this level plus high volume we may likely see her drifting lower towards 30.30 than 30.00 and extension to 29 and below.
Pls dyodd.
TA wise, bearish mode!
The upwards potential is limited at 32.00 (20 days moving average) or 32.80 ( 50 days moving average).
The downside is greater if the recent low of 31.01 has been broken down and we may see her slidling down further towards 30.30 than 30.00 with extensin to 28.00.
Pls dyodd.
She is trading below 31.49 support turn resistance doesn't look good!...