(Click on the Technical Chart Above to Expand)
The price structure in black is the using of 1-year large bullish descending wedge to create fake directions (corrective wave of fake directions), thereby causing infliction of maximum fear with maximum shakeout on naive and misinformed herd -- people who do not know how to truly read financial markets' flow. By now, majority of the market had been bearishly smoked out on the wrong directions. The true direction is for large wave up. For DBS, this has now been jump-started by the breakout in light blue circled region.
The light blue circled region is also where my recent fore-warnings pinpointed more powerful upwaves coming, not only just for DBS but for many bank stocks worldwide as well. DBS target price is easily beyond $40 a share -- plus very fat consistent dividends -- DUAL GAINS. In my financial modelling, DBS Bank will ascend to become one of the top few banks in the world.