DEYAAR Technical OverviewPosted on Tuesday, September 12 2017 at 4:43 am GMT+0000
Bouncing off 0.515.
Although medium term traders continue to be neutral while trend characteristics remain Bearish, a daily reversal above 0.550 would attract interest in the share, indicating to a move initially towards the 0.575 daily resistance level. With the short term having initiated a bounce off the 0.515 opening the way for a retest of the 0.550 level where the medium term future will be decided. However at the critical price level, the 0.515 support continue to provide a shoulder that is containing any further declines, and a further break below that level would bring Bears back in control and warn towards the continuation of the broader downtrend.