MIDCAP-Singapore's DBS technicals suggest upside

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Shares of DBS Group Holdings , which were down sharply over the past month, could reverse, technical charts suggest.

The stock faces strong support at its 200-day exponential moving average.

The Money Flow Index (MFI) indicator shows a bullish divergence as the indicator made higher lows, though the stock price made lower lows.

Relative Momentum Index (RMI) indicator is near 30 and a reading between 10 to 30 suggests the stock is oversold.

Stochastics oscillator %k line cutting above the %d line is a positive sign.

The stock is down 1.87 percent over the past week, largely in line with the broader index .

(Reporting by Patturaja Murugaboopathy; Editing by Sunil Nair)


Keywords: MIDCAP DBS/