Auguraltrader

SG DBS BREAKING DOWN

Short
DBS (SGX:D05)  
SGX:D05   DBS
DBS is very weak now. Having bounced off 25 twice in recent time, it failed to make higher highs, failed the 55EMA, and is likely to revisit 25.
MACD supportive of bearish bias.

Going for a bounce at 24.50, and to consolidate at 24 for deliberation of a possible major rally to 40 .

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