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Saturday, January 2, 2016

DBS

DBS - 3rd January 2016

DBS seems to have bounced off from the low of $16.16 on 18th Dec 2015 and had since managed to rise higher to close at $16.69 on 31st Dec 2015.
The current price is hovering slightly above both 14SMA & 25SMA lines which is quite positive.



Also both MACD & RSI are showing sign of positive divergence that may provide further indication for the share price to rise higher.

A nice breaking out of $16.87 may see it prices rises higher towards $17.00 then $17.30 for short term uptrend mode.

EPS - is about $1.73.
Short term target price - $17.00 to $17.30 & above.
Current PE is about 9.64
Stop Loss - $16.42

(trade/invest base on your own decision)

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