DEYAAR Technical OverviewPosted on Wednesday, November 30 2016 at 5:32 am GMT+0000
Bullish above 0.520.
Bullish scenarios on the long term remains on hold, as the market is consolidating. In the medium term, although the corrective wave has broken through initial pivot at 0.560, traders shall wait for a better technical picture before attempting to materialize any market entries. With the medium term showing signs of ascendant correction, focus turns towards the short term scenarios where initial targets reached at 0.580 a return of Bearish momentum has triggered an exit of remaining positions at 0.560 as the share is directed towards a deeper corrective wave. At the interim, a cross back above 0.560 would act as trigger for renewed short term positions, while a dip below 0.545 could confirm extended downside moves.