DBS Technical Analysis (4 Apr 10)

Support/Resistance:
It is at the middle of major uptrend. Bear flag pattern may be currently forming and there is a chance that the price will drop to the uptrend support line at $13.50. Major support is at $12.50 and Major resistance is at $15.80.

Indicators:
Looking at the RSI and Stochastic, these two indicators have seemed to start to go up. However 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 increase from $13.00 to $13.50.

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