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Tuesday, 5 June 2018

Development Bank of Singapore (DBS): 5 June 2018, Tuesday, 11.19am Singapore Time

Development Bank of Singapore (DBS): 
5 June 2018, Tuesday, 11.19am Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the technicals for DBS Bank that is listed in the Singapore SGX. DBS is ranked as the strongest stock in the entire SGX and given strong technical rating by me. DBS is currently exhibiting a bull's flag pole. The bull pennant is awaiting breakout. A break-up of the bull pennant will bring about an immediate rally of $4.70 in price, measured from the breakup point. Breakup point is estimated to be around $29.30 area. This will bring the next milestone to beyond $33.00.


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