DEYAAR Technical OverviewPosted on Wednesday, August 31 2016 at 4:34 am GMT+0000
Short term shifting momentum.
Although the long term outlook remains Bearish, trend indicators point towards weakness in the downtrend. Bullish momentum on the Daily timeframe has lost its strength with a sideways movement continuing in the share. Only an immediate break above 0.625 will change the outlook in the medium term. The recent above the 0.598 completed a bullish reversal pattern signaling forthcoming higher movements, providing short term traders with a market entry targeting 0.606 and 0.618, with the previous intraday low at 0.585 acting as the first defense for the bullish scenarios.