DEYAAR Technical OverviewPosted on Tuesday, December 19 2017 at 5:28 am GMT+0000
No clear directional impulses.
In the medium term the share is currently not giving any clear directional impulses. Thus, medium term trading scenarios are expected to remain on hold and traders shall maintain their neutral stance until we have a better technical picture. The short term entered a consolidation phase between 0.484 and 0.505 and is currently pivoting around the midpoint of aforementioned range. Short term long positions should not be considered also at the time being unless prices managed to go above 0.505. Only that move can toughen the case for a further short term rally towards 0.515 and 0.530, while any extension below 0.484 will target a retest 0.470.