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Saturday, April 2, 2016

DBS

DBS - 3rd April 2016

DBS after hitting the high of 16.02 on 18th Mar 2016 it had been experiencing on a downtrend mode going lower to touch 15.12 on 1st of April 2016. This is generally rather bearish.



Macd & Rsi are showing sign of negative divergence which may be a tell tale sign that the share price may continue to head lower.

Breaking down of 14.85 will be rather bearish and may continue to see it price trending lower towards 14.30 then 14.00 with extension to 13.45.(trade base on your own decision

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3 comments:

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