DEYAAR Technical Overview

DEYAAR Technical Overview

Failed to sustain current gains.

Following the formation of a new weekly bottom above 0.450 prices surged sharply and broke above 0.565, indicating towards a new Bullish stage in the long term. The break above 0.565 should have been attracted long term traders having caused a Bullish weekly trend reversal that increased odds for an extended rally. And although fading momentum caused a drop back below 0.540 weakening the medium term bias, there are no signs of a reversal in the daily trend yet, and thus, long term traders having positioned above 0.565 should be holding on to their positions and patiently wait for the share to regain strength and reach towards their targets of 0.625.