Today, DBS is trading in the "safe entry" zone below S$8.20. But due shooting star in the weeklya and daily charts, it would be prudent to wait and see before entering. See below for a chart done last week on 7th Jan 2009 night. Shooting star appeared on 7th Jan 2009 when I happened to look at DBS. On a weekly basis, the shooting star become more pronounced.
This was followed by 3 more down days. Expected to go to below 8.15 but stay above 8.00. If 8.00 broken, further support at 7.60.
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