DEYAAR Technical OverviewPosted on Thursday, November 17 2016 at 5:35 am GMT+0000
Bullish momentum returns.
Bullish scenarios on the long term remains on hold, as the market is still reflecting a strong downtrend. The last rally had been halted right below the weekly resistance 0.560, confirming the prospect that last medium term recovery was just a corrective phase and that the prior downtrend could be resuming at any time. Final short term targets, being reached at 0.550 allowing traders for full profit taking, they shall at the current time monitor for reversal signs before reinstating new positions, or alternatively a direct break above the last intraday top at 0.552 that would confirm further bullish advances.