DBS, what will the impending rate hike do to the price? Well, on theory an increase in interest rates would see an increase in interest yield on their loans but business might find it more costly to borrow. Only question is much how then will it hurt. It’s going to be a long drawn debate but lets see the chart for clues.
DBS currently supported by the 200ma and resisted by the 50ma . If it closes below the 200ma we could see it head down to test that uptrend line of about $15 and if it stays above the 50ma then it might test the uptrend line of $15.55. With the current sentiments we might see it test $15.