Are You Watching This Counter? Cause We Are and Here’s Why!

DBS has been lackluster for the last few session and even though it broke the support of around $30.50 it didn’t follow through to go lower but fought hard to make a come back. This is why DBS is now on our radar.

1. DBS is finally above the 5ema, we can see that the 5ema has been resisting it and after today, it has finally broken above.
2. DBS at current price has a dividend yield of around 4%. Not the best , but not bad either plus it has potential for capital gains too!
3. It has broken above the downtrend line we have drawn and overcome the $31 resistance too!
4. Indicators are pointing to an oversold condition for DBS.

So with these points, we might see some rebound in DBS in the days to come.

Keeping a close eye on it.

Yours

Humbly

Kelwin & Roy

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