DBS has been ranging and attempting to break the 20.00 psychological resistance level for some time and since the price has been hovering around the high 19.00 after the third tries. We expect a strong upside again as the resistance has been weakened. Also, the morning star formation near 38.2% Fibonacci level indicates a "shortfall" of the triangle or range, hence the strong upside is high.
Should 20.00 breaks, the next price level to be tested is near 21.07 region highlighted in red.
Should 20.00 breaks, the next price level to be tested is near 21.07 region highlighted in red.