Update for DBS 23 Mar 2014 - DBS seems to have bounced off from the low of $15.63 on 21st Mar 2014 and closed well at $15.83. Volume is rather high which is generally healthy for supporting the stock prices of heading higher. Crossing over of $16.00 with good volume that may reverse this downtrend. All 3 indicators are showing sign of turning upwards which is rather positive. Short term it may move up to test $16.00 then $16.30.(trade base on your own decision)
Update for DBS 1 Mar 2014 - DBS seems rather weak as indicated from TA point of view. Short term it may continue to go down to test $16.25. ( trade base on your own decision)
Update for DBS 11 Feb 2014 - DBS seems to have bounced off from the low of $16.17 and slowly risen up to close at $16.38 yesterday. Both Stochastic & RSI are showing sign of turning upwards which may help to support the prices from going up. It will need to cross over $16.57 with good volume in order to reverse this downtrend and move up.
(trade base on your own decision)
Update for DBS 06 Feb 2014 - DBS is super bearish from TA point of view. After gap-down from $17.30 and had been drifting lower each day to close at $16.17 on 5 Feb 2014. All 3 indicators are still pointing downwards which is rather negative. Short term may continue to go down to test $16.00 then $15.80.
Yesterday selling was couple with high volume may see some accumulation here. It may likely do a throw-back/bounce off from here before heading down again.
(trade base on your own decision)
Update for DBS 10 Jan 2014 - DBS has a good run-up after crossing over $17.20 on 8 Jan and manage to hit the high of $17.49. Yesterday closing price of $17.37 with low volume seems a good sign for the stock prices to continue trending upwards. Meantime, may pause or retreat a little before setting the next direction. Breaking out of $17.50 will be very positive to take the prices higher to $17.90.
(trade base on your own decision)
Update for DBS 30 dec 2013 - DBS breakout from $16.70 on 19 Dec 2013 and it has nicely moved up to a high of $17.11 and closed $17.00 on 30 Dec 13. This is rather positive. All 3 indicators such as MACD, RSI & Stochastic are still on uptrend mode. More likely to clear $17.20 and move up to $17.40. Short term TP $17.50.
(trade base on your own decision)
DBS is our top sector pick.
Update for DBS 1 Mar 2014 - DBS seems rather weak as indicated from TA point of view. Short term it may continue to go down to test $16.25. ( trade base on your own decision)
Update for DBS 11 Feb 2014 - DBS seems to have bounced off from the low of $16.17 and slowly risen up to close at $16.38 yesterday. Both Stochastic & RSI are showing sign of turning upwards which may help to support the prices from going up. It will need to cross over $16.57 with good volume in order to reverse this downtrend and move up.
(trade base on your own decision)
Update for DBS 06 Feb 2014 - DBS is super bearish from TA point of view. After gap-down from $17.30 and had been drifting lower each day to close at $16.17 on 5 Feb 2014. All 3 indicators are still pointing downwards which is rather negative. Short term may continue to go down to test $16.00 then $15.80.
Yesterday selling was couple with high volume may see some accumulation here. It may likely do a throw-back/bounce off from here before heading down again.
(trade base on your own decision)
Update for DBS 10 Jan 2014 - DBS has a good run-up after crossing over $17.20 on 8 Jan and manage to hit the high of $17.49. Yesterday closing price of $17.37 with low volume seems a good sign for the stock prices to continue trending upwards. Meantime, may pause or retreat a little before setting the next direction. Breaking out of $17.50 will be very positive to take the prices higher to $17.90.
(trade base on your own decision)
Update for DBS 30 dec 2013 - DBS breakout from $16.70 on 19 Dec 2013 and it has nicely moved up to a high of $17.11 and closed $17.00 on 30 Dec 13. This is rather positive. All 3 indicators such as MACD, RSI & Stochastic are still on uptrend mode. More likely to clear $17.20 and move up to $17.40. Short term TP $17.50.
(trade base on your own decision)
DBS is our top sector pick.
Of the three Singapore banks under our coverage, we believe DBS is best positioned
to take advantage of arising interest rate environment, given its liquid balance sheet
and strong deposit franchise with cheap funds.
to take advantage of arising interest rate environment, given its liquid balance sheet
and strong deposit franchise with cheap funds.
We have a TP of SGD19.70 for DBS. quote from Maybank Kim Eng
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