I have not commented about DBS for about 2 weeks, so i thought i should write a little about it now. In my last commentary, i showed a monthly chart and mentioned that a hammer was forming, but that i was not sure as i had to wait til the end of th month to be sure. It is now a little past Mar09, and while Mar09's candlestick is not exactly a hammer as it has an upper shadow, nontheless, it is a bullish candlestick signal with its long lower shadow and a close above the middle of the previous month's candle.
Looking at the weekly chart, DBS appears to be a stuck just below the $9.20 level. Since the weekly trend is up, i would suggest buying DBS on price weakness. A breakout above $9.20 should see the price heading towards the $10.30 level.
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