DBS after hitting the low of 15.00 on 28th June 2016 it had since managed to stage a strong recovery and trend higher to touch 16.39 on 21st July 2016. This is rather bullish.
The current price of 16.29 is staying above the SMA lines which is generally quite positive.
Also both Macd & Rsi are still rising which may provide further catalyst that the share price may continue to trend higher.
Breaking out of 16.39 the recent high with good volume that may propel to drive the share price higher towards 16.80 and 17.00 with extension to 17.56.
(trade base on your own decision)
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