DEYAAR Technical OverviewPosted on Monday, June 19 2017 at 4:37 am GMT+0000
Further gains above 0.540.
The break below 0.500 weekly resistance has opened the way for extended losses where the market reached 0.450 before bouncing off this strong demand level. Therefore, considering those medium term Bearish trending characteristics, market players should hold no positions at the time being and patiently wait for clear reversal patterns in this descend before considering new positions in the share. On the other hand, Bullish momentum in the short term could continue only with a breach above 0.540 giving hope to a forthcoming rally initially targeting the 0.555 level.