DEYAAR Technical OverviewPosted on Thursday, December 22 2016 at 5:57 am GMT+0000
Bullish scenarios on the long term remains on hold, as the market is consolidating. In the medium term, although the recent rally has broken through initial pivot at 0.560, traders shall wait for a better technical picture before attempting to materialize any market entries. Such confirmation can only be validated by a direct break above the 0.656. With medium term, showing weak trending characteristics focus turns on the medium term where an immediate cross above the 0.625 level would confirm further Bullish implications. At the other hand, a clear break below the 0.595 intraday support could accelerate the declines to lower levels.