DEYAAR Technical OverviewPosted on Tuesday, October 4 2016 at 4:39 am GMT+0000
Testing the range’s lower boundary.
Although the long term outlook remains Bearish, trend indicators point towards weakness in the dominant bearish momentums. Bullish bias on the Daily timeframe has shown loss of strength with a sideways movement continuing on the share. Only an immediate break above 0.625 will change the outlook. The last dip below 0.580 signaled forthcoming lower movements pushing short term traders to stay aside, and monitor for stronger support confirmation before taking new market entry decisions.