Tuesday, November 16, 2010

DBS -- 16th Nov 10


DBS closed $14.00 on 15th Nov 2010.

Technically, DBS is trading with a symmetrical triangle formation formed since January 2010 with the apex at $14.58.  If taking the apex as the breakout level, the potential target for the breakout could be at least $16.88.

Price drops below the lower boundary of the triangle will void the triangle formation.