DBS Bank Limited (DBS), the largest bank in Southeast Asia, plays a key role in the Singapore market, which has shown strong relative strength over the past year. As part of the SIA Favored Sector: Financial Services, DBS has also benefitted from a multi-year breakout in the Singapore market, evident in the iShares MSCI Singapore ETF (EWS) chart. With DBS’s recent breakout from $98.11 to $124.97, DBS Bank has moved into the SIA favored green zone of the SIA International ADR Index Report. Current support levels are at $117.25 and $110.49, with resistance at $132.04 and $142.92. DBS also holds a perfect SMAX score of 10/10, underscoring its outperformance against other asset classes.