DFM Technical OverviewPosted on Sunday, February 18 2018 at 5:39 am GMT+0000
Bearish reversal in the long term..
In the medium term the share is threatening to reach new lows after breaking through the 1.08 which was an area of congestion recently and also acted as a strong support in the past. That move that marked the completion of Bearish reversal pattern on the weekly charts is warning towards a retest of the May 2017 Low at 1.03. A breach of the latter will make the share more vulnerable and weak with increased odds to fall through the 0.98 marked as the January 2016 Low. Therefore, all traders should remain neutral and refrain from accumulating any positions in the near-future.