DBS Technical Analysis (3 March 10)

Support/Resistance:
It is at the middle of major uptrend. Bear flag pattern is currently forming and there is a chance that the price will drop to the support line at $13.00.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators continue to fall. If MACD is able to fall further in the next two weeks, it will be a good opportunity to buy.

My Target Price:
My target buy price will remind unchanged @ $13.00

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.