DFM Technical OverviewPosted on Wednesday, October 25 2017 at 4:42 am GMT+0000
Remains under pressure.
Having in mind the given neutral outlook, long term positions remain on hold at present time while waiting for stronger trending characteristics to appear on the weekly charts. The medium term bias remains tilted to the downside and the last corrective wave had been halted below previous daily top. Bearish momentum is expected to return to a move towards the 1.08 level as long as the share remains below 1.20. Only a move above 1.20 will provide some strength and push the bullish momentum on the short and medium run to a retest of 1.24.