DEYAAR Technical Overview

DEYAAR Technical Overview

Short term partial profit taking.

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. Prices surged above 0.606 allowing short term traders holding long positions at 0.598, for a partial profit taking and trailing stop orders to the entry level waiting for the achievement of their final targets at 0618.