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Tuesday, 12 January 2016

DBS Bank 20 Year Secular Trend: 12 January 2016, Tuesday, 8.46am Singapore Time

DBS Bank 20 Year Secular Trend: 
12 January 2016, Tuesday, 8.46am Singapore Time

Attached above is the technical analysis of DBS Bank.
All illustrations above are self-explanatory.

DBS at critical juncture of a secular trend. 2 Scenarios now:
Scenario 1: A break up of the orange resistance will see DBS soar to $33-$36 of super blue chip status.
Scenario 2: A break down of blue support will see it go single digit like 2008 financial crisis.

Scenario 1, the bullish scenario, above will happen:
A break up of the orange resistance to see DBS soar to $33-$36 of super blue chip status.
Buy more.

The Donovan Norfolk Technical Rating:
HIGHLY BULLISH. 
LARGE REVERSAL FROM BEARISHNESS TO HIGH BULLISHNESS.

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