Thursday, 20 September 2018
Updated Technicals of DBS (Development Bank of Singapore): 20 September 2018, Thursday, 11.30am Singapore Time
20 September 2018, Thursday, 11.30am Singapore Time
(Click on Technical Chart above to Expand)
Attached is the updated technicals for DBS (Development Bank of Singapore). Technical levels and forward projection (in brown trajectory) as illustrated on the chart itself. Study in detail to discover the genius with respect to timeline in each of the turns. DBS has strength, suggesting that smart monies' re-accumulated massive buys chalked up from January 2016 were not too much unloaded when institutions needed to adjust risk during the mid-term healthy correction. Market makers (strong hands) had been willing to support too based on volume flow. Based on the exchange-of-hands, without letting the price correcting down much, the implication is that the forward fundamentals of DBS remain robust.