On 4 Aug 2017 DBS share price reacted accordingly to the following negative news:
DBS shares down on warning of higher provisions over O&G stress
http://www.businesstimes.com.sg/companies-markets/dbs-shares-down-on-warning-of-higher-provisions-over-og-stress
Technical charts analysis
After DBS share price successfully broke above 21.5 multi year high, it marched to high at 22.25, from there it broke down again the 21.5 support and subsequently below 21 mark.
The next immediate support is 20.55
and the stronger immediate support is at 20.24
next supports will be 19.45, 18.73 and 18.13 as shown below:
DBS shares down on warning of higher provisions over O&G stress
http://www.businesstimes.com.sg/companies-markets/dbs-shares-down-on-warning-of-higher-provisions-over-og-stress
Technical charts analysis
After DBS share price successfully broke above 21.5 multi year high, it marched to high at 22.25, from there it broke down again the 21.5 support and subsequently below 21 mark.
The next immediate support is 20.55
and the stronger immediate support is at 20.24
next supports will be 19.45, 18.73 and 18.13 as shown below:
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| Mid term analysis (source : Poems Live Chart ) TA view for illustration purpose only |
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