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.
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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